State of Alaska Department of Revenue Lowers Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

State of Alaska Department of Revenue cut its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,671 shares of the company’s stock after selling 375 shares during the quarter. State of Alaska Department of Revenue’s holdings in YETI were worth $372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division raised its stake in shares of YETI by 6.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock valued at $179,000 after acquiring an additional 290 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of YETI by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock valued at $487,000 after purchasing an additional 332 shares in the last quarter. Blue Trust Inc. increased its position in shares of YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after buying an additional 333 shares in the last quarter. Covestor Ltd grew its holdings in YETI by 13.5% during the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock valued at $118,000 after buying an additional 343 shares during the last quarter. Finally, Peloton Wealth Strategists boosted its position in YETI by 0.4% during the third quarter. Peloton Wealth Strategists now owns 86,275 shares of the company’s stock worth $3,540,000 after acquiring an additional 350 shares during the last quarter.

YETI Stock Up 1.2 %

Shares of YETI stock opened at $38.02 on Friday. The stock has a 50 day moving average of $38.78 and a 200-day moving average of $39.20. The firm has a market cap of $3.22 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.06 and a beta of 2.13. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $45.25.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). The company had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. YETI had a return on equity of 28.31% and a net margin of 11.15%. On average, equities analysts predict that YETI Holdings, Inc. will post 2.37 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. TD Cowen dropped their price target on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Canaccord Genuity Group decreased their target price on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Friday. Stifel Nicolaus decreased their price target on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Friday. KeyCorp cut their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Finally, Morgan Stanley reduced their price objective on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, YETI currently has an average rating of “Hold” and an average target price of $44.77.

YETI Company Profile

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.