Thrivent Financial for Lutherans Reduces Stake in YETI Holdings, Inc. (NYSE:YETI)

Thrivent Financial for Lutherans lessened its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 5.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,595 shares of the company’s stock after selling 1,170 shares during the quarter. Thrivent Financial for Lutherans’ holdings in YETI were worth $786,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in shares of YETI in the 1st quarter valued at approximately $27,000. Versant Capital Management Inc increased its stake in YETI by 571.8% in the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after purchasing an additional 709 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in YETI in the first quarter valued at $35,000. Ashton Thomas Private Wealth LLC acquired a new stake in YETI during the second quarter worth about $42,000. Finally, Headlands Technologies LLC acquired a new stake in YETI during the first quarter worth about $76,000.

Analyst Upgrades and Downgrades

YETI has been the subject of several research analyst reports. B. Riley upped their price target on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 target price on shares of YETI in a research report on Tuesday, July 30th. Citigroup decreased their target price on YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Roth Mkm upped their target price on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, Jefferies Financial Group upped their target price on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, YETI currently has an average rating of “Hold” and an average target price of $46.77.

YETI Stock Up 1.9 %

Shares of YETI stock opened at $41.65 on Tuesday. YETI Holdings, Inc. has a twelve month low of $33.88 and a twelve month high of $54.15. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 1.18 and a beta of 2.11. The business’s 50 day simple moving average is $39.80 and its 200-day simple moving average is $39.09.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.06. YETI had a return on equity of 28.83% and a net margin of 10.66%. The company had revenue of $463.50 million for the quarter, compared to analysts’ expectations of $452.42 million. During the same period last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities research analysts forecast that YETI Holdings, Inc. will post 2.35 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.