Peloton Wealth Strategists Has $3.28 Million Holdings in YETI Holdings, Inc. (NYSE:YETI)

Peloton Wealth Strategists cut its holdings in YETI Holdings, Inc. (NYSE:YETI) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,925 shares of the company’s stock after selling 1,600 shares during the period. Peloton Wealth Strategists’ holdings in YETI were worth $3,278,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of YETI. Retirement Systems of Alabama lifted its position in YETI by 0.3% during the first quarter. Retirement Systems of Alabama now owns 109,066 shares of the company’s stock worth $4,204,000 after purchasing an additional 288 shares during the period. Treasurer of the State of North Carolina lifted its position in YETI by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 38,421 shares of the company’s stock worth $1,989,000 after purchasing an additional 380 shares during the period. Bridge City Capital LLC lifted its position in YETI by 0.8% during the first quarter. Bridge City Capital LLC now owns 50,276 shares of the company’s stock worth $1,938,000 after purchasing an additional 393 shares during the period. Crossmark Global Holdings Inc. lifted its position in YETI by 2.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 14,441 shares of the company’s stock worth $748,000 after purchasing an additional 396 shares during the period. Finally, Arizona State Retirement System lifted its position in YETI by 2.0% during the second quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock worth $928,000 after purchasing an additional 468 shares during the period.

Analyst Ratings Changes

Several research firms recently weighed in on YETI. Citigroup cut their price objective on shares of YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Piper Sandler reissued an “overweight” rating and issued a $54.00 target price on shares of YETI in a report on Tuesday, July 30th. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 target price on shares of YETI in a report on Monday, September 9th. Roth Mkm increased their target price on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, TD Cowen increased their target price on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.43.

YETI Stock Up 0.7 %

Shares of NYSE YETI opened at $40.67 on Friday. The company has a 50 day simple moving average of $39.46 and a 200 day simple moving average of $38.91. The firm has a market cap of $3.47 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.13 and a beta of 2.11. YETI Holdings, Inc. has a 1 year low of $33.88 and a 1 year high of $54.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.22.

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

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.