Swiss National Bank Purchases 3,800 Shares of YETI Holdings, Inc. (NYSE:YETI)

Posted by on May 17th, 2023

Swiss National Bank raised its position in shares of YETI Holdings, Inc. (NYSE:YETI – Get Rating) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 208,100 shares of the company’s stock after purchasing an additional 3,800 shares during the quarter. Swiss National Bank owned 0.24% of YETI worth $8,597,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in YETI. Capital World Investors grew its stake in shares of YETI by 23.4% during the 1st quarter. Capital World Investors now owns 7,266,836 shares of the company’s stock valued at $435,865,000 after purchasing an additional 1,376,536 shares during the period. Capital International Investors grew its stake in shares of YETI by 67.3% during the 1st quarter. Capital International Investors now owns 1,795,128 shares of the company’s stock valued at $107,672,000 after acquiring an additional 721,816 shares during the period. Renaissance Technologies LLC bought a new position in shares of YETI during the 1st quarter valued at approximately $33,133,000. Wasatch Advisors Inc. grew its stake in shares of YETI by 12.5% during the 1st quarter. Wasatch Advisors Inc. now owns 3,908,872 shares of the company’s stock valued at $234,454,000 after acquiring an additional 434,669 shares during the period. Finally, Congress Asset Management Co. MA bought a new position in shares of YETI during the 4th quarter valued at approximately $17,844,000. 94.24% of the stock is currently owned by institutional investors.

YETI Stock Performance

NYSE YETI opened at $40.67 on Wednesday. The company has a market cap of $3.52 billion, a P/E ratio of 47.85, a P/E/G ratio of 1.54 and a beta of 2.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.93 and a current ratio of 1.99. The business’s 50 day moving average price is $39.60 and its 200-day moving average price is $40.87. YETI Holdings, Inc. has a fifty-two week low of $27.86 and a fifty-two week high of $55.15.

YETI (NYSE:YETI – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $486.41 million for the quarter, compared to the consensus estimate of $491.03 million. YETI had a return on equity of 33.52% and a net margin of 4.65%. Sell-side analysts predict that YETI Holdings, Inc. will post 2.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on YETI shares. The Goldman Sachs Group downgraded YETI from a “buy” rating to a “neutral” rating and cut their price objective for the company from $51.00 to $43.00 in a research note on Friday, February 24th. UBS Group lowered their price target on YETI from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, March 2nd. Cowen cut YETI from an “outperform” rating to a “market perform” rating and set a $47.00 price target on the stock. in a report on Wednesday, January 18th. Credit Suisse Group lowered their price target on YETI from $62.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, February 24th. Finally, Robert W. Baird lowered their price target on YETI from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, February 24th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, YETI has a consensus rating of “Moderate Buy” and an average target price of $53.31.

YETI Company Profile

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YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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