YETI Holdings, Inc. (NYSE:YETI) Shares Sold by abrdn plc

abrdn plc lowered its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 382,712 shares of the company’s stock after selling 3,269 shares during the quarter. abrdn plc owned approximately 0.44% of YETI worth $19,817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in YETI. CWM LLC boosted its position in YETI by 42.9% during the 3rd quarter. CWM LLC now owns 2,183 shares of the company’s stock valued at $105,000 after purchasing an additional 655 shares during the period. AE Wealth Management LLC bought a new stake in YETI during the 3rd quarter valued at $216,000. SG Americas Securities LLC raised its stake in YETI by 88.5% during the 3rd quarter. SG Americas Securities LLC now owns 5,566 shares of the company’s stock valued at $268,000 after acquiring an additional 2,613 shares in the last quarter. Oak Thistle LLC bought a new stake in YETI during the 3rd quarter valued at $448,000. Finally, L. Roy Papp & Associates LLP raised its stake in YETI by 3.0% during the 3rd quarter. L. Roy Papp & Associates LLP now owns 44,356 shares of the company’s stock valued at $2,139,000 after acquiring an additional 1,290 shares in the last quarter.

YETI Stock Down 0.2 %

Shares of YETI stock opened at $36.27 on Wednesday. The stock’s fifty day moving average is $38.56 and its 200-day moving average is $42.74. The firm has a market capitalization of $3.09 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.42 and a beta of 2.29. The company has a quick ratio of 1.45, a current ratio of 2.30 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a 12-month low of $34.70 and a 12-month high of $54.15.

YETI (NYSE:YETI) last announced its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The company had revenue of $519.79 million for the quarter, compared to analyst estimates of $535.99 million. YETI had a return on equity of 27.99% and a net margin of 10.24%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. Equities analysts anticipate that YETI Holdings, Inc. will post 2.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on YETI. Canaccord Genuity Group downgraded YETI from a “buy” rating to a “hold” rating and lifted their target price for the company from $49.00 to $50.00 in a research note on Thursday, January 4th. Canaccord Genuity Group cut their target price on YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. KeyCorp lifted their target price on YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a research note on Friday, January 12th. Raymond James cut their target price on YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, February 16th. Finally, B. Riley reissued a “neutral” rating and issued a $42.00 price objective on shares of YETI in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.29.

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.