Columbia Asset Management Sells 2,350 Shares of YETI Holdings, Inc. (NYSE:YETI)

Columbia Asset Management lessened its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 17.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 11,255 shares of the company’s stock after selling 2,350 shares during the period. Columbia Asset Management’s holdings in YETI were worth $429,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Crewe Advisors LLC bought a new position in YETI during the first quarter worth $27,000. Versant Capital Management Inc raised its stake in YETI by 571.8% during the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after buying an additional 709 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in YETI during the first quarter worth $35,000. Sachetta LLC bought a new position in YETI during the fourth quarter worth $53,000. Finally, Principal Securities Inc. bought a new position in YETI during the fourth quarter worth $74,000.

YETI Stock Down 1.4 %

Shares of NYSE YETI opened at $37.98 on Friday. The stock has a market capitalization of $3.22 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.16 and a beta of 2.11. The company has a 50-day moving average price of $39.31 and a 200-day moving average price of $38.99. YETI Holdings, Inc. has a 1 year low of $33.88 and a 1 year high of $54.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.22.

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

Analyst Upgrades and Downgrades

YETI has been the subject of a number of analyst reports. B. Riley lifted their target price 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. TD Cowen lifted their price target on shares of YETI from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, August 9th. KeyCorp lifted their price target on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price target on shares of YETI in a research note on Tuesday, July 30th. Finally, Raymond James lifted their price target on shares of YETI from $48.00 to $49.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.29.

YETI Company Profile

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.