YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its position in YETI Holdings, Inc. (NYSE:YETI) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,830 shares of the company’s stock after selling 1,296 shares during the period. Harbor Capital Advisors Inc.’s holdings in YETI were worth $1,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of YETI. SG Americas Securities LLC grew its stake in shares of YETI by 259.4% in the first quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock valued at $816,000 after buying an additional 15,280 shares in the last quarter. BOKF NA raised its stake in shares of YETI by 12,075.3% during the first quarter. BOKF NA now owns 18,263 shares of the company’s stock valued at $701,000 after purchasing an additional 18,113 shares during the period. Janus Henderson Group PLC lifted its position in shares of YETI by 65.8% during the first quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock worth $2,630,000 after purchasing an additional 27,076 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of YETI in the first quarter valued at $880,000. Finally, International Assets Investment Management LLC grew its holdings in YETI by 26,657.7% during the 3rd quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock valued at $1,790,000 after purchasing an additional 43,452 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Piper Sandler reissued an “overweight” rating and issued a $54.00 price objective on shares of YETI in a research report on Tuesday, July 30th. Canaccord Genuity Group restated a “hold” rating and set a $44.00 price objective on shares of YETI in a report on Monday, September 30th. KeyCorp increased their target price on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. TD Cowen lifted their price target on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group increased their price objective on shares of YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, YETI has an average rating of “Hold” and a consensus target price of $46.77.

YETI Price Performance

YETI opened at $37.20 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $38.93 and its 200 day moving average price is $39.12. YETI Holdings, Inc. has a fifty-two week low of $33.88 and a fifty-two week high of $54.15. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 1.03 and a beta of 2.12.

YETI (NYSE:YETI) last announced its quarterly 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 business had revenue of $463.50 million for the quarter, compared to analysts’ expectations of $452.42 million. YETI had a return on equity of 28.83% and a net margin of 10.66%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. As a group, sell-side analysts expect that YETI Holdings, Inc. will post 2.35 earnings per share for the current 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.