Texas Permanent School Fund Corp increased its stake in YETI Holdings, Inc. (NYSE:YETI – Free Report) by 33.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,347 shares of the company’s stock after acquiring an additional 19,363 shares during the quarter. Texas Permanent School Fund Corp owned 0.09% of YETI worth $3,094,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of YETI. Capital World Investors grew its position in YETI by 23.4% in 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. Macquarie Group Ltd. grew its position in YETI by 65.7% in the 4th quarter. Macquarie Group Ltd. now owns 2,025,487 shares of the company’s stock valued at $83,673,000 after purchasing an additional 803,110 shares during the period. Capital International Investors grew its position in YETI by 67.3% in the 1st quarter. Capital International Investors now owns 1,795,128 shares of the company’s stock valued at $107,672,000 after purchasing an additional 721,816 shares during the period. Millennium Management LLC grew its position in YETI by 427.0% in the 4th quarter. Millennium Management LLC now owns 825,710 shares of the company’s stock valued at $34,110,000 after purchasing an additional 669,027 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in YETI in the 1st quarter valued at $33,133,000. Institutional investors own 94.23% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on YETI shares. KeyCorp downgraded shares of YETI from a “sector weight” rating to an “underweight” rating and set a $34.00 price target for the company. in a research report on Monday, July 17th. Raymond James lifted their price objective on shares of YETI from $45.00 to $48.00 in a report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, YETI currently has an average rating of “Hold” and an average price target of $49.47.
YETI Trading Up 2.0 %
YETI (NYSE:YETI – Get Free Report) last announced its quarterly earnings results on Thursday, May 11th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. YETI had a return on equity of 33.52% and a net margin of 4.65%. The firm had revenue of $302.80 million for the quarter, compared to analysts’ expectations of $291.69 million. On average, equities analysts forecast that YETI Holdings, Inc. will post 1.99 EPS for the current fiscal year.
YETI Company Profile
YETI Holdings, Inc designs, markets, 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. The company also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, straw mugs and cups, bottles, jugs, and water bottles, as well as accessories comprising bottle straw and chug caps, lids, straw lids, color packs, tumbler handles, and jug mounts under the Rambler brand.
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