New York State Common Retirement Fund Sells 85,224 Shares of YETI Holdings, Inc. (NYSE:YETI)

New York State Common Retirement Fund lowered its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 39.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,513 shares of the company's stock after selling 85,224 shares during the period. New York State Common Retirement Fund owned about 0.15% of YETI worth $6,913,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in YETI. Wedge Capital Management L L P NC grew its holdings in YETI by 1.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 79,018 shares of the company's stock worth $4,092,000 after buying an additional 1,210 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in YETI by 16.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 94,535 shares of the company's stock worth $4,895,000 after purchasing an additional 13,167 shares during the period. Signaturefd LLC grew its position in YETI by 27.0% in the 4th quarter. Signaturefd LLC now owns 1,732 shares of the company's stock valued at $90,000 after buying an additional 368 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in YETI by 149.5% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 146,307 shares of the company's stock valued at $7,576,000 after buying an additional 87,663 shares during the period. Finally, AIA Group Ltd bought a new stake in shares of YETI during the 4th quarter worth about $2,397,000.

YETI Stock Up 0.6 %

NYSE YETI traded up $0.22 during trading on Friday, reaching $34.61. 1,951,675 shares of the company's stock were exchanged, compared to its average volume of 1,512,898. The firm has a market capitalization of $2.95 billion, a PE ratio of 17.75, a P/E/G ratio of 1.35 and a beta of 2.26. YETI Holdings, Inc. has a fifty-two week low of $33.88 and a fifty-two week high of $54.15. The company has a current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The company's fifty day simple moving average is $37.82 and its 200-day simple moving average is $42.41.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a net margin of 10.24% and a return on equity of 27.99%. The company had revenue of $519.79 million during the quarter, compared to analyst estimates of $535.99 million. During the same quarter in the prior year, the company posted $0.75 EPS. The firm's quarterly revenue was up 16.0% compared to the same quarter last year. Sell-side analysts predict that YETI Holdings, Inc. will post 2.27 EPS for the current year.

Analysts Set New Price Targets

YETI has been the topic of several recent analyst reports. Raymond James dropped their target price on YETI from $55.00 to $48.00 and set an "outperform" rating on the stock in a report on Friday, February 16th. Canaccord Genuity Group decreased their target price on YETI from $41.00 to $40.00 and set a "hold" rating for the company in a research note on Friday, April 5th. Stifel Nicolaus dropped their price target on shares of YETI from $43.00 to $41.00 and set a "hold" rating on the stock in a research report on Friday, February 16th. William Blair restated an "outperform" rating on shares of YETI in a research report on Wednesday. Finally, B. Riley dropped their target price on shares of YETI from $42.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $48.00.

YETI Company 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.