New York State Common Retirement Fund Lowers Holdings in YETI Holdings, Inc. (NYSE:YETI)

New York State Common Retirement Fund lessened its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 21.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,442 shares of the company's stock after selling 22,601 shares during the period. New York State Common Retirement Fund owned about 0.10% of YETI worth $2,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of YETI. Raymond James Financial Inc. bought a new position in YETI in the fourth quarter worth approximately $6,240,000. HighTower Advisors LLC raised its stake in YETI by 129.0% in the fourth quarter. HighTower Advisors LLC now owns 14,869 shares of the company's stock worth $573,000 after buying an additional 8,376 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in YETI in the fourth quarter worth approximately $343,000. Xponance Inc. raised its stake in YETI by 2.6% in the fourth quarter. Xponance Inc. now owns 13,250 shares of the company's stock worth $510,000 after buying an additional 340 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in YETI by 76.4% in the fourth quarter. Teacher Retirement System of Texas now owns 38,808 shares of the company's stock worth $1,494,000 after buying an additional 16,810 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently commented on YETI. UBS Group boosted their price objective on shares of YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Raymond James Financial reduced their price target on YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Piper Sandler reduced their price target on YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, Citigroup upped their price target on YETI from $36.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $39.47.

YETI Stock Performance

Shares of YETI traded down $2.89 during trading hours on Thursday, reaching $36.81. 3,397,102 shares of the company traded hands, compared to its average volume of 2,135,181. The stock has a market capitalization of $3.05 billion, a P/E ratio of 17.70, a P/E/G ratio of 3.26 and a beta of 1.85. The company has a quick ratio of 1.47, a current ratio of 2.58 and a debt-to-equity ratio of 0.09. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25. The business has a fifty day moving average price of $31.62 and a 200-day moving average price of $33.00.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. The firm had revenue of $351.13 million for the quarter, compared to analyst estimates of $347.72 million. YETI had a net margin of 9.59% and a return on equity of 26.48%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. Equities analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

YETI Profile

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.