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

Y Intercept Hong Kong Ltd decreased its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 89.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,057 shares of the company’s stock after selling 53,901 shares during the quarter. 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.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its position in YETI by 141.1% in the third quarter. True Wealth Design LLC now owns 885 shares of the company’s stock valued at $29,000 after purchasing an additional 518 shares during the period. IFP Advisors Inc boosted its position in shares of YETI by 4,552.6% in the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock worth $30,000 after buying an additional 865 shares during the period. MAI Capital Management acquired a new stake in shares of YETI in the second quarter valued at about $31,000. SJS Investment Consulting Inc. raised its holdings in shares of YETI by 7,876.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,356 shares of the company’s stock valued at $45,000 after buying an additional 1,339 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of YETI during the 2nd quarter valued at about $52,000.

Insider Buying and Selling

In related news, SVP Bryan C. Barksdale sold 9,756 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $45.32, for a total value of $442,141.92. Following the completion of the sale, the senior vice president directly owned 56,397 shares of the company’s stock, valued at $2,555,912.04. The trade was a 14.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.94% of the company’s stock.

YETI Trading Down 2.9%

YETI opened at $46.05 on Friday. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $51.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16. The stock has a market capitalization of $3.58 billion, a PE ratio of 23.98, a P/E/G ratio of 2.61 and a beta of 1.77. The firm’s fifty day moving average price is $45.88 and its 200 day moving average price is $39.11.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on YETI. KeyCorp raised shares of YETI from a “sector weight” rating to an “overweight” rating and set a $57.00 price objective for the company in a research report on Friday, January 16th. William Blair restated an “outperform” rating on shares of YETI in a research note on Tuesday, November 11th. B. Riley reaffirmed a “neutral” rating and set a $35.00 price target (up from $32.00) on shares of YETI in a report on Monday, November 10th. Stifel Nicolaus boosted their price objective on shares of YETI from $34.00 to $43.00 and gave the stock a “hold” rating in a report on Friday, December 12th. Finally, Canaccord Genuity Group upped their price objective on shares of YETI from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $44.42.

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.