Teacher Retirement System of Texas Lowers Position in YETI Holdings, Inc. $YETI

Teacher Retirement System of Texas trimmed its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 15.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,896 shares of the company’s stock after selling 5,466 shares during the quarter. Teacher Retirement System of Texas’ holdings in YETI were worth $974,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mystic Asset Management Inc. grew its stake in YETI by 2.0% in the first quarter. Mystic Asset Management Inc. now owns 19,278 shares of the company’s stock worth $638,000 after purchasing an additional 375 shares during the period. Parallel Advisors LLC boosted its holdings in shares of YETI by 61.6% during the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after buying an additional 375 shares in the last quarter. UMB Bank n.a. grew its position in shares of YETI by 109.3% in the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock worth $28,000 after buying an additional 468 shares during the period. Hsbc Holdings PLC increased its stake in shares of YETI by 2.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,429 shares of the company’s stock worth $638,000 after acquiring an additional 483 shares in the last quarter. Finally, Assetmark Inc. lifted its position in YETI by 9.7% during the 1st quarter. Assetmark Inc. now owns 6,421 shares of the company’s stock valued at $213,000 after acquiring an additional 568 shares during the period.

YETI Stock Performance

Shares of YETI opened at $35.21 on Friday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 2.36 and a beta of 1.89. The business’s fifty day simple moving average is $34.61 and its two-hundred day simple moving average is $33.07. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month 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.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $0.70 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. Research analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Raymond James Financial restated an “outperform” rating and issued a $37.00 price objective (up previously from $34.00) on shares of YETI in a report on Friday, August 8th. Cowen restated a “hold” rating on shares of YETI in a research note on Friday, August 8th. Jefferies Financial Group reiterated a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. UBS Group boosted their target price on YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of YETI in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.58.

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.