YETI Holdings, Inc. (NYSE:YETI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 62.7% during the 4th quarter, Holdings Channel reports. The firm owned 98,746 shares of the company’s stock after selling 166,092 shares during the period. BNP Paribas Financial Markets’ holdings in YETI were worth $3,803,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Algert Global LLC increased its position in shares of YETI by 36.7% during the 4th quarter. Algert Global LLC now owns 64,991 shares of the company’s stock valued at $2,503,000 after purchasing an additional 17,441 shares during the period. Freestone Grove Partners LP acquired a new position in shares of YETI during the 4th quarter valued at $249,000. Schonfeld Strategic Advisors LLC increased its position in shares of YETI by 51.4% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 154,848 shares of the company’s stock valued at $5,963,000 after purchasing an additional 52,558 shares during the period. AQR Capital Management LLC increased its position in shares of YETI by 25.1% during the 4th quarter. AQR Capital Management LLC now owns 163,995 shares of the company’s stock valued at $6,315,000 after purchasing an additional 32,862 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of YETI by 25.0% in the 4th quarter. Northern Trust Corp now owns 1,003,652 shares of the company’s stock worth $38,651,000 after acquiring an additional 200,443 shares during the last quarter.

Wall Street Analyst Weigh In

YETI has been the topic of a number of recent research reports. Piper Sandler decreased their target price on YETI from $52.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Morgan Stanley lifted their target price on YETI from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. Raymond James decreased their target price on YETI from $50.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group decreased their target price on YETI from $41.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $55.00 target price on shares of YETI in a report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.40.

YETI Stock Performance

Shares of YETI stock opened at $31.61 on Thursday. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.05 and a beta of 1.91. The stock’s fifty day simple moving average is $30.65 and its 200-day simple moving average is $35.75.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $351.13 million for the quarter, compared to the consensus estimate of $347.72 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. YETI’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal 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.