Capital World Investors Has $153.60 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Capital World Investors cut its holdings in YETI Holdings, Inc. (NYSE:YETI) by 5.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,984,516 shares of the company’s stock after selling 249,000 shares during the period. Capital World Investors owned about 4.67% of YETI worth $153,603,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in YETI in the first quarter valued at $27,000. Fidelis Capital Partners LLC bought a new position in shares of YETI during the 1st quarter worth approximately $35,000. Sachetta LLC acquired a new stake in shares of YETI during the 4th quarter worth about $53,000. Principal Securities Inc. bought a new stake in shares of YETI during the 4th quarter worth about $74,000. Finally, Headlands Technologies LLC bought a new position in YETI during the 1st quarter worth $76,000.

YETI Stock Up 3.6 %

Shares of NYSE YETI traded up $1.36 during mid-day trading on Friday, reaching $39.09. 981,088 shares of the company’s stock traded hands, compared to its average volume of 1,374,795. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.35 and a quick ratio of 1.14. YETI Holdings, Inc. has a 1-year low of $33.88 and a 1-year high of $54.15. The stock has a market cap of $3.33 billion, a P/E ratio of 19.45, a PEG ratio of 1.14 and a beta of 2.14. The business has a 50-day simple moving average of $39.58 and a 200 day simple moving average of $40.01.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. YETI had a return on equity of 28.81% and a net margin of 10.32%. The firm had revenue of $341.39 million during the quarter, compared to analyst estimates of $333.79 million. On average, analysts expect that YETI Holdings, Inc. will post 2.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

YETI has been the topic of a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price target (up from $52.00) on shares of YETI in a research report on Friday, May 10th. William Blair restated an “outperform” rating on shares of YETI in a research note on Wednesday, May 1st. Canaccord Genuity Group upped their target price on YETI from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Morgan Stanley raised their price target on YETI from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Finally, Roth Mkm cut their price objective on shares of YETI from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.47.

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.