SG Americas Securities LLC Has $477,000 Position in YETI Holdings, Inc. (NYSE:YETI)

SG Americas Securities LLC reduced its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 45.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,623 shares of the company’s stock after selling 9,736 shares during the quarter. SG Americas Securities LLC’s holdings in YETI were worth $477,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. American Century Companies Inc. lifted its stake in YETI by 311.4% in the second quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock valued at $75,049,000 after acquiring an additional 1,488,994 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in YETI in the second quarter valued at approximately $23,166,000. Millennium Management LLC lifted its stake in YETI by 54.8% in the second quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock valued at $31,183,000 after acquiring an additional 289,298 shares during the last quarter. Marshall Wace LLP lifted its stake in YETI by 76.2% in the second quarter. Marshall Wace LLP now owns 607,551 shares of the company’s stock valued at $23,178,000 after acquiring an additional 262,829 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in YETI by 2.4% in the first quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock valued at $401,630,000 after acquiring an additional 248,680 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on YETI. Roth Mkm lifted their target price on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Bank of America upgraded shares of YETI from a “neutral” rating to a “buy” rating and lifted their target price for the company from $46.00 to $55.00 in a research note on Thursday, August 8th. B. Riley boosted their price objective on shares of YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Citigroup reduced their price objective on shares of YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, TD Cowen boosted their price objective on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, YETI presently has an average rating of “Hold” and an average price target of $46.77.

YETI Trading Down 2.0 %

Shares of YETI stock opened at $40.57 on Thursday. YETI Holdings, Inc. has a 1 year low of $33.88 and a 1 year high of $54.15. The firm’s fifty day simple moving average is $40.10 and its 200 day simple moving average is $39.26. The firm has a market capitalization of $3.43 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 1.19 and a beta of 2.11. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11.

YETI (NYSE:YETI) last announced its earnings results on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. YETI had a net margin of 10.66% and a return on equity of 28.83%. The business had revenue of $463.50 million for the quarter, compared to analyst estimates of $452.42 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. YETI’s revenue was up 15.1% compared to the same quarter last year. As a group, sell-side analysts predict 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.