Arizona State Retirement System trimmed its holdings in shares of YETI Holdings, Inc. (NYSE:YETI – Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,334 shares of the company’s stock after selling 656 shares during the quarter. Arizona State Retirement System’s holdings in YETI were worth $945,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Harbor Investment Advisory LLC boosted its holdings in shares of YETI by 88.4% in the 2nd quarter. Harbor Investment Advisory LLC now owns 701 shares of the company’s stock worth $27,000 after purchasing an additional 329 shares in the last quarter. BDO Wealth Advisors LLC purchased a new position in shares of YETI in the 1st quarter worth about $30,000. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of YETI by 67.0% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock worth $45,000 after purchasing an additional 300 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of YETI by 1,104.3% in the 1st quarter. Bessemer Group Inc. now owns 831 shares of the company’s stock worth $33,000 after purchasing an additional 762 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of YETI in the 1st quarter worth about $39,000.
YETI Stock Performance
Shares of YETI opened at $42.52 on Wednesday. The business’s fifty day simple moving average is $45.18 and its two-hundred day simple moving average is $41.78. The company has a current ratio of 2.09, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. YETI Holdings, Inc. has a 12 month low of $29.78 and a 12 month high of $51.27. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 55.95, a P/E/G ratio of 2.11 and a beta of 2.39.
Analyst Ratings Changes
A number of research firms have recently weighed in on YETI. Canaccord Genuity Group boosted their target price on YETI from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Raymond James boosted their target price on YETI from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Citigroup boosted their target price on YETI from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price target on shares of YETI in a research report on Wednesday, September 27th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $57.00 price target on shares of YETI in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $49.94.
Read Our Latest Stock Report on YETI
Insider Activity
In other news, CFO Michael John Mcmullen sold 2,460 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $48.08, for a total transaction of $118,276.80. Following the transaction, the chief financial officer now directly owns 36,949 shares of the company’s stock, valued at approximately $1,776,507.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.94% of the company’s stock.
YETI 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.
Featured Articles
- Five stocks we like better than YETI
- How to Invest in Marijuana Stocks
- Caterpillar crawls into a new buying opportunity
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Is there merit in these low-beta moat stocks? Analysts say yes
- How to Start Investing in Real Estate
- Oil swings have led analysts to recommend these 2 stocks
Want to see what other hedge funds are holding YETI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for YETI Holdings, Inc. (NYSE:YETI – Free Report).
Receive News & Ratings for YETI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YETI and related companies with MarketBeat.com's FREE daily email newsletter.
