YETI Holdings, Inc. (NYSE:YETI) Shares Bought by Arizona State Retirement System

Arizona State Retirement System lifted its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,337 shares of the company’s stock after acquiring an additional 468 shares during the period. Arizona State Retirement System’s holdings in YETI were worth $928,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors raised its holdings in shares of YETI by 2.4% during the first 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 holdings in YETI by 0.7% in the first 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. Franklin Resources Inc. boosted its stake in YETI by 18.7% in the fourth quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock valued at $207,090,000 after acquiring an additional 629,287 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of YETI by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,268,521 shares of the company’s stock valued at $65,687,000 after purchasing an additional 103,732 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of YETI by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 929,533 shares of the company’s stock worth $48,131,000 after purchasing an additional 35,277 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently commented on YETI. Bank of America upgraded YETI from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $46.00 to $55.00 in a research note on Thursday, August 8th. Roth Mkm increased their price objective on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 price objective on shares of YETI in a research report on Monday, September 9th. B. Riley raised their price target on shares of YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, KeyCorp boosted their price objective on YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.43.

YETI Trading Up 2.9 %

Shares of YETI stock opened at $39.03 on Friday. The business has a fifty day simple moving average of $39.32 and a 200-day simple moving average of $38.94. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.13 and a beta of 2.11. 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 quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. YETI had a net margin of 10.66% and a return on equity of 28.83%. The company had revenue of $463.50 million during the quarter, compared to analyst estimates of $452.42 million. During the same quarter last year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities analysts forecast that YETI Holdings, Inc. will post 2.35 EPS for the current fiscal year.

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.