YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 6.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 7,415 shares of the company’s stock after selling 549 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in YETI were worth $283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of YETI. SG Americas Securities LLC grew its stake in YETI by 259.4% in the 1st quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock worth $816,000 after acquiring an additional 15,280 shares during the period. Congress Asset Management Co. MA increased its stake in YETI by 7.7% in the first quarter. Congress Asset Management Co. MA now owns 790,900 shares of the company’s stock valued at $30,489,000 after purchasing an additional 56,881 shares during the last quarter. BOKF NA lifted its position in YETI by 12,075.3% during the first quarter. BOKF NA now owns 18,263 shares of the company’s stock worth $701,000 after buying an additional 18,113 shares during the period. Azzad Asset Management Inc. ADV boosted its stake in YETI by 97.8% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 51,760 shares of the company’s stock worth $1,995,000 after buying an additional 25,592 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in YETI by 65.8% in the 1st quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock valued at $2,630,000 after buying an additional 27,076 shares during the period.

YETI Stock Up 0.1 %

NYSE YETI opened at $41.68 on Thursday. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a fifty-two week low of $33.88 and a fifty-two week high of $54.15. The business has a 50 day moving average price of $39.83 and a two-hundred day moving average price of $39.14. The stock has a market cap of $3.55 billion, a PE ratio of 20.74, a P/E/G ratio of 1.19 and a beta of 2.11.

YETI (NYSE:YETI) last announced its earnings results on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, beating 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 business had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly 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 fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on YETI shares. Roth Mkm raised their target price on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Jefferies Financial Group lifted their price target on shares of YETI from $54.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Piper Sandler restated an “overweight” rating and set a $54.00 price objective on shares of YETI in a report on Tuesday, July 30th. B. Riley lifted their target price on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Finally, KeyCorp upped their price target on YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. One 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, YETI currently has a consensus rating of “Hold” and a consensus target price of $46.77.

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.