Fmr LLC Lowers Stock Holdings in Yeti Holdings Inc (NYSE:YETI)

FMR LLC decreased its holdings in shares of Yeti Holdings Inc (NYSE:YETI) by 20.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,849,622 shares of the company’s stock after selling 752,333 shares during the quarter. FMR LLC owned about 3.37% of Yeti worth $86,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of YETI. Ocean Capital Management LLC bought a new position in shares of Yeti during the first quarter valued at approximately $414,000. Sit Investment Associates Inc. bought a new position in shares of Yeti during the first quarter valued at approximately $1,596,000. Alpine Group USVI LLC bought a new position in shares of Yeti during the first quarter valued at approximately $1,691,000. Federated Investors Inc. PA increased its stake in shares of Yeti by 39.8% during the first quarter. Federated Investors Inc. PA now owns 698,902 shares of the company’s stock valued at $21,142,000 after purchasing an additional 198,902 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC bought a new position in shares of Yeti during the first quarter valued at approximately $45,000. 26.01% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Ryan R. Seiders sold 1,176,290 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $28.50, for a total value of $33,524,265.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Roy J. Seiders sold 1,319,302 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $28.50, for a total transaction of $37,600,107.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,549,150 shares of company stock worth $72,650,775. 10.70% of the stock is owned by corporate insiders.

Shares of YETI traded up $0.67 during trading hours on Friday, reaching $32.87. 994,629 shares of the stock traded hands, compared to its average volume of 1,318,527. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.59 and a current ratio of 1.54. Yeti Holdings Inc has a 52-week low of $12.40 and a 52-week high of $36.60. The company’s 50-day simple moving average is $28.57. The company has a market capitalization of $2.72 billion and a P/E ratio of 42.14.

Yeti (NYSE:YETI) last released its earnings results on Thursday, May 2nd. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. The firm had revenue of $155.40 million for the quarter, compared to analysts’ expectations of $143.20 million. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. Equities research analysts expect that Yeti Holdings Inc will post 0.95 earnings per share for the current fiscal year.

YETI has been the subject of a number of analyst reports. Goldman Sachs Group raised shares of Puxin from a “neutral” rating to a “buy” rating and raised their target price for the company from $51.00 to $56.00 in a research note on Friday, May 3rd. Morgan Stanley raised their target price on shares of AutoZone from $980.00 to $1,050.00 and gave the company an “equal weight” rating in a research note on Friday, March 29th. Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, July 5th. Cowen reissued an “outperform” rating and set a $1,420.00 price target (up previously from $1,390.00) on shares of Alphabet in a research report on Thursday, April 11th. Finally, Jefferies Financial Group set a $12.00 price target on shares of GameStop and gave the company a “hold” rating in a research report on Friday, March 22nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $27.61.

About Yeti

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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