Handelsbanken Fonder AB Sells 3,900 Shares of YETI Holdings, Inc. (NYSE:YETI)

Handelsbanken Fonder AB reduced its position in YETI Holdings, Inc. (NYSE:YETI) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,000 shares of the company’s stock after selling 3,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in YETI were worth $1,001,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in YETI by 265.8% during the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after acquiring an additional 630 shares in the last quarter. Raymond James & Associates boosted its stake in YETI by 6.6% during the third quarter. Raymond James & Associates now owns 155,148 shares of the company’s stock worth $6,366,000 after acquiring an additional 9,560 shares in the last quarter. International Assets Investment Management LLC boosted its stake in YETI by 26,657.7% during the third quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock worth $1,790,000 after acquiring an additional 43,452 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in YETI during the third quarter worth $231,000. Finally, State of Alaska Department of Revenue boosted its stake in YETI by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 10,046 shares of the company’s stock worth $412,000 after acquiring an additional 665 shares in the last quarter.

YETI Trading Down 4.7 %

YETI stock opened at $35.63 on Friday. The company has a market capitalization of $3.02 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. YETI Holdings, Inc. has a one year low of $33.41 and a one year high of $45.25. The company’s 50 day moving average price is $37.74 and its two-hundred day moving average price is $39.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. As a group, analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on YETI shares. Piper Sandler reissued an “overweight” rating and set a $54.00 target price (down from $55.00) on shares of YETI in a research note on Friday, November 8th. KeyCorp lowered their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. TD Cowen decreased their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. Finally, Stifel Nicolaus cut their target price on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.77.

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.