YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 5.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 274,846 shares of the company's stock after selling 14,952 shares during the quarter. Principal Financial Group Inc. owned approximately 0.33% of YETI worth $9,097,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new position in YETI during the fourth quarter worth approximately $44,000. Pilgrim Partners Asia Pte Ltd purchased a new position in YETI during the fourth quarter worth approximately $45,000. GeoWealth Management LLC purchased a new position in YETI during the fourth quarter worth approximately $48,000. Jones Financial Companies Lllp boosted its position in YETI by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after purchasing an additional 280 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in YETI during the fourth quarter worth approximately $70,000.

YETI Price Performance

Shares of NYSE:YETI traded up $0.92 during midday trading on Wednesday, hitting $33.77. The company had a trading volume of 3,375,913 shares, compared to its average volume of 1,845,501. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.58 and a quick ratio of 1.47. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.83 and a beta of 1.85. The business's 50-day simple moving average is $31.16 and its 200-day simple moving average is $33.10.

YETI (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. YETI had a return on equity of 26.48% and a net margin of 9.59%. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. On average, research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on YETI. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. The Goldman Sachs Group reduced their target price on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley increased their target price on YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Robert W. Baird reduced their target price on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $55.00 target price on shares of YETI in a report on Monday, May 5th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.40.

About YETI

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.