California Public Employees Retirement System Sells 8,523 Shares of YETI Holdings, Inc. (NYSE:YETI)

California Public Employees Retirement System lessened its stake in YETI Holdings, Inc. (NYSE:YETI) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,160 shares of the company’s stock after selling 8,523 shares during the period. California Public Employees Retirement System owned about 0.18% of YETI worth $8,138,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Signaturefd LLC boosted its stake in shares of YETI by 27.0% during the fourth quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock valued at $90,000 after purchasing an additional 368 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in YETI in the 3rd quarter worth $121,000. Americana Partners LLC purchased a new position in shares of YETI in the fourth quarter valued at about $209,000. Clear Harbor Asset Management LLC bought a new position in shares of YETI during the fourth quarter valued at about $207,000. Finally, Waldron Private Wealth LLC purchased a new stake in shares of YETI during the fourth quarter worth about $209,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. B. Riley reduced their price target on YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Raymond James decreased their target price on YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Stifel Nicolaus reduced their price objective on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. KeyCorp raised their target price on shares of YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research report on Friday, January 12th. Finally, Canaccord Genuity Group reduced their price target on shares of YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $48.00.

YETI Trading Up 0.6 %

YETI stock opened at $34.61 on Friday. YETI Holdings, Inc. has a 12 month low of $33.88 and a 12 month high of $54.15. The company has a current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $37.88 and its two-hundred day simple moving average is $42.45. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.36 and a beta of 2.26.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06). The firm had revenue of $519.79 million for the quarter, compared to analysts’ expectations of $535.99 million. YETI had a net margin of 10.24% and a return on equity of 27.99%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. As a group, equities analysts predict that YETI Holdings, Inc. will post 2.27 earnings per share for the current fiscal 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.