YETI Holdings, Inc. $YETI Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its holdings in YETI Holdings, Inc. (NYSE:YETI) by 89.9% in the third quarter, HoldingsChannel.com reports. The firm owned 6,057 shares of the company’s stock after selling 53,901 shares during the period. Y Intercept Hong Kong Ltd’s holdings in YETI were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its position in shares of YETI by 110.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock worth $79,050,000 after buying an additional 1,314,878 shares during the last quarter. Norges Bank acquired a new stake in YETI during the second quarter worth about $32,995,000. Engaged Capital LLC raised its stake in YETI by 40.1% during the second quarter. Engaged Capital LLC now owns 2,162,518 shares of the company’s stock worth $68,163,000 after acquiring an additional 619,000 shares during the period. Jupiter Asset Management Ltd. bought a new position in YETI in the second quarter worth about $19,285,000. Finally, William Blair Investment Management LLC acquired a new position in YETI in the second quarter valued at approximately $16,960,000.

YETI Stock Down 2.9%

Shares of YETI stock opened at $46.05 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $51.29. The business’s fifty day moving average price is $45.88 and its two-hundred day moving average price is $39.11. The company has a market capitalization of $3.58 billion, a P/E ratio of 23.98, a PEG ratio of 2.61 and a beta of 1.77.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. YETI had a return on equity of 23.62% and a net margin of 8.75%.The company had revenue of $487.77 million for the quarter, compared to analyst estimates of $480.08 million. During the same period last year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, research analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on YETI shares. Canaccord Genuity Group increased their price target on YETI from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. Morgan Stanley set a $48.00 price objective on YETI in a research note on Friday, January 16th. KeyCorp raised YETI from a “sector weight” rating to an “overweight” rating and set a $57.00 target price on the stock in a research report on Friday, January 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of YETI in a research note on Wednesday, January 21st. Finally, William Blair reissued an “outperform” rating on shares of YETI in a report on Tuesday, November 11th. Seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, YETI presently has a consensus rating of “Hold” and a consensus target price of $44.42.

Insider Transactions at YETI

In related news, SVP Bryan C. Barksdale sold 9,756 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $45.32, for a total value of $442,141.92. Following the completion of the transaction, the senior vice president owned 56,397 shares in the company, valued at $2,555,912.04. This represents a 14.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.94% of the stock is owned by corporate insiders.

YETI Company Profile

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.