AIA Group Ltd Sells 5,186 Shares of YETI Holdings, Inc. (NYSE:YETI)

AIA Group Ltd decreased its holdings in YETI Holdings, Inc. (NYSE:YETI) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,255 shares of the company’s stock after selling 5,186 shares during the quarter. AIA Group Ltd owned approximately 0.05% of YETI worth $1,465,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Mystic Asset Management Inc. increased its stake in shares of YETI by 2.0% in the 1st quarter. Mystic Asset Management Inc. now owns 19,278 shares of the company’s stock valued at $638,000 after buying an additional 375 shares during the period. Azzad Asset Management Inc. ADV increased its stake in shares of YETI by 1.0% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 51,779 shares of the company’s stock valued at $1,994,000 after buying an additional 497 shares during the period. Assetmark Inc. increased its stake in shares of YETI by 9.7% in the 1st quarter. Assetmark Inc. now owns 6,421 shares of the company’s stock valued at $213,000 after buying an additional 568 shares during the period. Costello Asset Management INC acquired a new stake in shares of YETI in the 1st quarter valued at $25,000. Finally, Bridge City Capital LLC increased its stake in shares of YETI by 1.3% in the 1st quarter. Bridge City Capital LLC now owns 58,887 shares of the company’s stock valued at $1,949,000 after buying an additional 755 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently commented on YETI. Citigroup lifted their target price on YETI from $36.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Canaccord Genuity Group lifted their price objective on YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday. UBS Group lifted their price objective on YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Morgan Stanley reaffirmed a “cautious” rating on shares of YETI in a research note on Monday. Finally, Cowen reaffirmed a “hold” rating on shares of YETI in a research note on Friday. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.54.

YETI Stock Down 2.4%

NYSE:YETI opened at $31.88 on Tuesday. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 2.82 and a beta of 1.84. The stock has a 50-day moving average price of $33.23 and a two-hundred day moving average price of $32.85.

YETI (NYSE:YETI) last posted its earnings results on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%. The firm had revenue of $445.89 million during the quarter, compared to analysts’ expectations of $461.73 million. During the same period in the previous year, the firm earned $0.70 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. As a group, equities analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

About YETI

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.