Point72 DIFC Ltd Reduces Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Point72 DIFC Ltd trimmed its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,172 shares of the company’s stock after selling 1,741 shares during the quarter. Point72 DIFC Ltd’s holdings in YETI were worth $1,037,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in YETI. Crewe Advisors LLC bought a new position in YETI during the 1st quarter valued at about $27,000. Versant Capital Management Inc boosted its holdings in YETI by 571.8% during the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after acquiring an additional 709 shares during the period. Fidelis Capital Partners LLC bought a new position in YETI in the 1st quarter valued at $35,000. Ashton Thomas Private Wealth LLC purchased a new stake in YETI in the second quarter worth $42,000. Finally, Headlands Technologies LLC bought a new stake in shares of YETI during the first quarter worth $76,000.

YETI Stock Down 0.1 %

YETI stock opened at $39.10 on Wednesday. The company has a market cap of $3.31 billion, a PE ratio of 19.45, a PEG ratio of 1.13 and a beta of 2.11. The business’s 50-day simple moving average is $39.43 and its two-hundred day simple moving average is $38.89. YETI Holdings, Inc. has a fifty-two week low of $33.88 and a fifty-two week 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 issued 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 business 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%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. Equities analysts anticipate that YETI Holdings, Inc. will post 2.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup cut their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. KeyCorp raised their target price on shares of YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. TD Cowen boosted their price target on YETI from $43.00 to $46.00 and gave the company a “hold” rating in a report on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 target price on shares of YETI in a research report on Tuesday, July 30th. Finally, Roth Mkm increased their price target on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, YETI presently has a consensus rating of “Hold” and an average price target of $46.43.

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.