New York State Teachers Retirement System Trims Stock Position in YETI Holdings, Inc. (NYSE:YETI)

New York State Teachers Retirement System decreased its holdings in YETI Holdings, Inc. (NYSE:YETI) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,322 shares of the company’s stock after selling 4,533 shares during the quarter. New York State Teachers Retirement System owned 0.08% of YETI worth $2,926,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in YETI. Norden Group LLC bought a new stake in shares of YETI during the 1st quarter valued at $511,000. BNP Paribas Financial Markets grew its holdings in YETI by 319.4% during the first quarter. BNP Paribas Financial Markets now owns 158,092 shares of the company’s stock valued at $6,094,000 after purchasing an additional 120,397 shares during the period. Chevy Chase Trust Holdings LLC increased its position in YETI by 26.9% in the first quarter. Chevy Chase Trust Holdings LLC now owns 77,251 shares of the company’s stock worth $2,978,000 after buying an additional 16,387 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in shares of YETI by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 76,013 shares of the company’s stock worth $2,930,000 after buying an additional 984 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of YETI during the 1st quarter valued at about $880,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on YETI shares. 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 note on Friday, August 9th. 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. Jefferies Financial Group raised their price target on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price objective on shares of YETI in a research note on Tuesday, July 30th. Finally, Citigroup decreased their target price on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, YETI presently has a consensus rating of “Hold” and an average price target of $45.62.

YETI Trading Up 7.6 %

Shares of YETI opened at $38.87 on Friday. The stock has a market capitalization of $3.29 billion, a PE ratio of 18.00, a P/E/G ratio of 1.07 and a beta of 2.12. The company’s fifty day moving average is $38.77 and its 200 day moving average is $39.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $54.15.

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

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.