State of New Jersey Common Pension Fund D Has $1.85 Million Stake in YETI Holdings, Inc. (NYSE:YETI)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 32.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,594 shares of the company’s stock after selling 23,265 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of YETI worth $1,854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in YETI during the 1st quarter valued at $27,000. Versant Capital Management Inc lifted its holdings in YETI by 571.8% during the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after acquiring an additional 709 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in YETI during the first quarter worth about $35,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of YETI in the second quarter valued at about $42,000. Finally, Scarborough Advisors LLC bought a new stake in shares of YETI in the fourth quarter valued at about $100,000.

YETI Trading Down 1.6 %

Shares of YETI stock opened at $39.12 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.33 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 1.18 and a beta of 2.11. The stock has a 50 day simple moving average of $39.44 and a 200 day simple moving average of $38.89. YETI Holdings, Inc. has a 1 year low of $33.88 and a 1 year high of $54.15.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on YETI shares. B. Riley lifted their target price on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Bank of America raised YETI from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $55.00 in a research report on Thursday, August 8th. TD Cowen boosted their price target on YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Roth Mkm boosted 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. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $44.00 target price on shares of YETI in a research report on Monday, September 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $46.43.

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.