Yeti Holdings Inc (NYSE:YETI) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP reduced its position in shares of Yeti Holdings Inc (NYSE:YETI) by 52.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,540 shares of the company’s stock after selling 3,895 shares during the period. Systematic Financial Management LP’s holdings in Yeti were worth $102,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in shares of Yeti during the 4th quarter worth about $40,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Yeti during the 1st quarter worth about $45,000. Meridian Wealth Management LLC acquired a new stake in shares of Yeti during the 2nd quarter worth about $53,000. Advisor Group Inc. acquired a new stake in shares of Yeti during the 4th quarter worth about $59,000. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in shares of Yeti during the 1st quarter worth about $100,000. 27.23% of the stock is currently owned by institutional investors.

Shares of YETI stock opened at $29.72 on Wednesday. The stock has a market cap of $2.55 billion and a price-to-earnings ratio of 38.10. Yeti Holdings Inc has a 1-year low of $12.40 and a 1-year high of $38.11. The company has a debt-to-equity ratio of 4.12, a quick ratio of 0.66 and a current ratio of 1.58. The business’s 50-day moving average is $31.66.

Yeti (NYSE:YETI) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The business had revenue of $231.70 million for the quarter, compared to analyst estimates of $226.22 million. Yeti had a net margin of 8.08% and a return on equity of 333.94%. Yeti’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts expect that Yeti Holdings Inc will post 0.96 earnings per share for the current year.

Several equities research analysts have issued reports on YETI shares. Raymond James raised their price target on shares of Yeti from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Goldman Sachs Group lowered shares of Yeti from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $31.00 to $33.00 in a report on Friday, May 3rd. Finally, Zacks Investment Research lowered shares of Yeti from a “strong-buy” rating to a “hold” rating in a report on Friday, July 5th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Yeti has a consensus rating of “Buy” and an average price target of $29.16.

Yeti Profile

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.

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Institutional Ownership by Quarter for Yeti (NYSE:YETI)

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