Blair William & Co. IL Reduces Stake in YETI Holdings, Inc. (NYSE:YETI)

Blair William & Co. IL cut its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 445,429 shares of the company’s stock after selling 40,216 shares during the period. Blair William & Co. IL owned 0.53% of YETI worth $16,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Capital Research Global Investors raised its position in YETI by 2.4% in the 1st quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock worth $401,630,000 after purchasing an additional 248,680 shares during the period. Vanguard Group Inc. lifted its stake in shares of YETI by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company’s stock worth $318,690,000 after acquiring an additional 57,582 shares during the last quarter. American Century Companies Inc. boosted its holdings in YETI by 311.4% during the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock valued at $75,049,000 after acquiring an additional 1,488,994 shares during the period. Van Berkom & Associates Inc. grew its position in YETI by 5.8% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,918,642 shares of the company’s stock valued at $73,196,000 after acquiring an additional 105,859 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of YETI by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock worth $56,351,000 after purchasing an additional 179,005 shares during the last quarter.

YETI Stock Performance

Shares of YETI stock opened at $39.97 on Friday. The company has a market capitalization of $3.41 billion, a PE ratio of 19.89, a P/E/G ratio of 1.18 and a beta of 2.11. The company has a 50-day simple moving average of $39.44 and a two-hundred day simple moving average of $38.89. YETI Holdings, Inc. has a one year low of $33.88 and a one year high of $54.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29.

YETI (NYSE:YETI) last posted its earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $463.50 million during the quarter, compared to analysts’ expectations of $452.42 million. YETI had a net margin of 10.66% and a return on equity of 28.83%. During the same quarter in the prior year, the company posted $0.51 earnings per share. YETI’s revenue for the quarter was up 15.1% compared to the same quarter last year. Research analysts expect that YETI Holdings, Inc. will post 2.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. TD Cowen upped their price target on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 target price on shares of YETI in a research report on Monday, September 9th. Jefferies Financial Group lifted their price target on shares of YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. B. Riley increased their price objective on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, Roth Mkm lifted their target price on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.43.

YETI 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.