Swiss National Bank Has $8.85 Million Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Swiss National Bank trimmed its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 10.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 170,900 shares of the company's stock after selling 19,600 shares during the quarter. Swiss National Bank owned approximately 0.20% of YETI worth $8,849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. grew its position in YETI by 53.0% during the 4th quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company's stock worth $487,583,000 after purchasing an additional 3,260,704 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in YETI by 97.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,517,821 shares of the company's stock worth $73,189,000 after acquiring an additional 748,671 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in YETI by 585.0% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 661,040 shares of the company's stock worth $31,875,000 after acquiring an additional 564,540 shares during the period. Victory Capital Management Inc. grew its stake in YETI by 196.5% during the 3rd quarter. Victory Capital Management Inc. now owns 595,614 shares of the company's stock valued at $28,721,000 after acquiring an additional 394,744 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in YETI during the 3rd quarter valued at about $14,347,000.

Wall Street Analyst Weigh In

Several analysts recently commented on YETI shares. B. Riley decreased their price target on shares of YETI from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, April 25th. Stifel Nicolaus lowered their price target on shares of YETI from $43.00 to $41.00 and set a "hold" rating on the stock in a report on Friday, February 16th. William Blair reiterated an "outperform" rating on shares of YETI in a report on Wednesday, May 1st. Canaccord Genuity Group boosted their target price on YETI from $40.00 to $42.00 and gave the company a "hold" rating in a research note on Friday. Finally, Morgan Stanley upped their target price on YETI from $39.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, YETI presently has an average rating of "Hold" and an average price target of $46.80.

YETI Stock Performance

YETI stock traded up $1.38 during midday trading on Tuesday, hitting $41.91. 1,693,585 shares of the company traded hands, compared to its average volume of 1,747,412. YETI Holdings, Inc. has a twelve month low of $33.88 and a twelve month high of $54.15. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.55 and a beta of 2.26. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.12. The business has a 50 day simple moving average of $37.48 and a 200-day simple moving average of $42.26.

YETI (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.06). YETI had a net margin of 10.32% and a return on equity of 28.81%. The firm had revenue of $519.79 million during the quarter, compared to analyst estimates of $535.99 million. During the same quarter in the previous year, the business posted $0.75 earnings per share. The business's quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts predict that YETI Holdings, Inc. will post 2.27 earnings per share for the current year.

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.