YETI Holdings, Inc. $YETI Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 165.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 482,858 shares of the company’s stock after acquiring an additional 300,958 shares during the quarter. Handelsbanken Fonder AB’s holdings in YETI were worth $23,930,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of YETI. GAMMA Investing LLC increased its holdings in YETI by 4.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,113 shares of the company’s stock valued at $253,000 after acquiring an additional 211 shares in the last quarter. L. Roy Papp & Associates LLP lifted its stake in YETI by 0.5% in the 4th quarter. L. Roy Papp & Associates LLP now owns 53,095 shares of the company’s stock valued at $2,345,000 after buying an additional 240 shares in the last quarter. Cardinal Point Capital Management ULC grew its holdings in YETI by 0.7% during the 4th quarter. Cardinal Point Capital Management ULC now owns 41,845 shares of the company’s stock valued at $1,848,000 after buying an additional 300 shares during the last quarter. SBI Securities Co. Ltd. increased its position in YETI by 91.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after buying an additional 309 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of YETI by 6.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock worth $250,000 after acquiring an additional 321 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on YETI. UBS Group lifted their price objective on YETI from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 price target on shares of YETI in a research note on Friday, May 15th. Canaccord Genuity Group lifted their price target on shares of YETI from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. Stifel Nicolaus set a $42.00 price objective on shares of YETI in a research report on Friday, May 15th. Finally, Morgan Stanley set a $45.00 price objective on shares of YETI in a research note on Tuesday, June 23rd. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, YETI presently has a consensus rating of “Moderate Buy” and an average target price of $53.17.

YETI Trading Up 0.1%

YETI opened at $50.83 on Thursday. The company has a quick ratio of 1.06, a current ratio of 2.10 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 52-week low of $31.66 and a 52-week high of $53.99. The firm’s 50 day moving average is $49.80 and its 200-day moving average is $44.73. The firm has a market capitalization of $3.85 billion, a P/E ratio of 25.93, a P/E/G ratio of 1.60 and a beta of 1.72.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. The firm had revenue of $380.41 million during the quarter, compared to analyst estimates of $374.73 million. YETI had a return on equity of 22.61% and a net margin of 8.36%.YETI’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. Analysts expect that YETI Holdings, Inc. will post 2.44 EPS for the current fiscal year.

YETI Company Profile

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.