Wilkinson Global Asset Management LLC Sells 5,635 Shares of YETI Holdings, Inc. (NYSE:YETI)

Wilkinson Global Asset Management LLC reduced its stake in YETI Holdings, Inc. (NYSE:YETI) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 440,326 shares of the company’s stock after selling 5,635 shares during the period. YETI accounts for approximately 1.1% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 28th biggest position. Wilkinson Global Asset Management LLC owned approximately 0.52% of YETI worth $18,067,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. increased its position in YETI by 311.4% during the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after buying an additional 1,488,994 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of YETI in the second quarter valued at about $23,166,000. Millennium Management LLC increased its position in YETI by 54.8% during the second quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock worth $31,183,000 after acquiring an additional 289,298 shares during the period. Marshall Wace LLP raised its stake in YETI by 76.2% in the 2nd quarter. Marshall Wace LLP now owns 607,551 shares of the company’s stock worth $23,178,000 after purchasing an additional 262,829 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in YETI by 2.4% in the 1st quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock valued at $401,630,000 after purchasing an additional 248,680 shares during the period.

YETI Stock Performance

NYSE YETI opened at $36.11 on Thursday. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $54.15. The stock has a market cap of $3.06 billion, a PE ratio of 16.72, a PEG ratio of 1.07 and a beta of 2.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29. The firm’s fifty day moving average price is $38.80 and its two-hundred day moving average price is $39.10.

YETI (NYSE:YETI) last issued its earnings results on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. YETI had a return on equity of 28.83% and a net margin of 10.66%. The business had revenue of $463.50 million during the quarter, compared to analysts’ expectations of $452.42 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities analysts expect that YETI Holdings, Inc. will post 2.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

YETI has been the subject of several recent research reports. KeyCorp boosted their price target on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. Bank of America lowered YETI from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $40.00 in a report on Wednesday. Roth Mkm boosted their price target on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. B. Riley increased their price objective on shares of YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, TD Cowen boosted their target price on shares of YETI from $43.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.62.

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.