Pacer Advisors Inc. Has $487,000 Stake in YETI Holdings, Inc. (NYSE:YETI)

Pacer Advisors Inc. reduced its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 98.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,771 shares of the company’s stock after selling 729,440 shares during the quarter. Pacer Advisors Inc.’s holdings in YETI were worth $487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YETI. Treasurer of the State of North Carolina lifted its holdings in YETI by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 38,421 shares of the company’s stock valued at $1,989,000 after purchasing an additional 380 shares during the last quarter. TFO Wealth Partners LLC boosted its holdings in shares of YETI by 26,457.1% in the 4th quarter. TFO Wealth Partners LLC now owns 3,718 shares of the company’s stock worth $193,000 after acquiring an additional 3,704 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in YETI during the 4th quarter valued at $315,000. Campbell & CO Investment Adviser LLC bought a new position in YETI in the 4th quarter valued at $1,316,000. Finally, Blueshift Asset Management LLC boosted its stake in YETI by 227.9% in the fourth quarter. Blueshift Asset Management LLC now owns 15,102 shares of the company’s stock worth $782,000 after purchasing an additional 10,497 shares in the last quarter.

Analysts Set New Price Targets

YETI has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $44.00 price target on shares of YETI in a report on Monday, September 9th. Jefferies Financial Group upped their target price on shares of YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Roth Mkm raised their price target on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price objective on shares of YETI in a report on Tuesday, July 30th. Finally, B. Riley lifted their target price on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.43.

YETI Stock Performance

Shares of NYSE:YETI opened at $40.68 on Friday. The firm’s 50 day simple moving average is $39.46 and its 200 day simple moving average is $38.92. 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 market capitalization of $3.47 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.13 and a beta of 2.11. 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 posted its earnings results on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $452.42 million. During the same period last year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, sell-side analysts forecast that YETI Holdings, Inc. will post 2.35 earnings per share for the current 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.