Handelsbanken Fonder AB Grows Stake in YETI Holdings, Inc. (NYSE:YETI)

Handelsbanken Fonder AB increased its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 50.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,900 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in YETI were worth $1,227,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Scarborough Advisors LLC purchased a new stake in shares of YETI in the 4th quarter worth about $100,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of YETI by 85.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 145,756 shares of the company’s stock worth $7,547,000 after purchasing an additional 67,175 shares in the last quarter. Pineridge Advisors LLC acquired a new position in shares of YETI during the 4th quarter worth approximately $110,000. Congress Asset Management Co. MA lifted its stake in YETI by 7.5% in the 4th quarter. Congress Asset Management Co. MA now owns 734,019 shares of the company’s stock valued at $38,008,000 after buying an additional 51,032 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in YETI by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 8,209,349 shares of the company’s stock valued at $425,080,000 after buying an additional 126,154 shares during the last quarter.

Analysts Set New Price Targets

YETI has been the subject of a number of analyst reports. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 price target on shares of YETI in a report on Monday, September 30th. B. Riley boosted their target price 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. Citigroup decreased their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Jefferies Financial Group boosted their price objective on shares of YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, KeyCorp raised their target price on shares of YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $46.77.

YETI Trading Down 0.2 %

YETI stock opened at $42.04 on Friday. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.21 and a beta of 2.11. The business has a fifty day simple moving average of $39.92 and a 200-day simple moving average of $39.19. YETI Holdings, Inc. has a 52 week low of $33.88 and a 52 week high of $54.15.

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