YETI Holdings, Inc. (NYSE:YETI) Stock Position Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 7.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,046 shares of the company’s stock after acquiring an additional 665 shares during the period. State of Alaska Department of Revenue’s holdings in YETI were worth $412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norden Group LLC bought a new stake in shares of YETI during the first quarter valued at approximately $511,000. Chevy Chase Trust Holdings LLC raised its stake in YETI by 26.9% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 77,251 shares of the company’s stock valued at $2,978,000 after acquiring an additional 16,387 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in YETI by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 76,013 shares of the company’s stock worth $2,930,000 after acquiring an additional 984 shares during the period. Quantbot Technologies LP bought a new position in shares of YETI in the first quarter worth $880,000. Finally, SG Americas Securities LLC increased its holdings in shares of YETI by 259.4% during the first quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock valued at $816,000 after purchasing an additional 15,280 shares during the period.

Analyst Ratings Changes

A number of research analysts recently commented on YETI shares. Jefferies Financial Group raised their price objective 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. TD Cowen boosted their price objective on YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Roth Mkm raised their target price on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 target price on shares of YETI in a report on Monday, September 30th. Finally, KeyCorp upped their price target on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $45.62.

YETI Stock Performance

Shares of NYSE YETI opened at $38.65 on Friday. The business’s 50-day simple moving average is $38.73 and its 200-day simple moving average is $39.11. YETI Holdings, Inc. has a 52 week low of $33.41 and a 52 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. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.05 and a beta of 2.12.

YETI (NYSE:YETI) last released its quarterly 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 for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $0.51 earnings per share. As a group, equities research analysts expect that YETI Holdings, Inc. will post 2.35 earnings per share for the current fiscal 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.