AIA Group Ltd Raises Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

AIA Group Ltd raised its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,941 shares of the company’s stock after buying an additional 4,233 shares during the quarter. AIA Group Ltd owned about 0.06% of YETI worth $2,090,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of YETI. GAMMA Investing LLC increased its position in YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after buying an additional 423 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in shares of YETI by 1.6% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,965 shares of the company’s stock valued at $1,229,000 after acquiring an additional 465 shares in the last quarter. Arizona State Retirement System raised its position in shares of YETI by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock worth $928,000 after purchasing an additional 468 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in YETI by 0.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 146,236 shares of the company’s stock worth $5,637,000 after purchasing an additional 480 shares in the last quarter. Finally, Swiss National Bank grew its position in YETI by 0.3% during the 1st quarter. Swiss National Bank now owns 171,400 shares of the company’s stock valued at $6,607,000 after purchasing an additional 500 shares during the last quarter.

YETI Stock Down 0.6 %

Shares of YETI stock opened at $38.65 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $54.15. The stock has a market cap of $3.27 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.05 and a beta of 2.12. The company has a 50 day simple moving average of $38.73 and a two-hundred day simple moving average of $39.11.

YETI (NYSE:YETI) last announced its earnings results on Thursday, August 8th. The company reported $0.70 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 company had revenue of $463.50 million for the quarter, compared to analysts’ expectations of $452.42 million. During the same period last year, the firm earned $0.51 EPS. YETI’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, research analysts expect that YETI Holdings, Inc. will post 2.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on YETI. 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 report on Friday, August 9th. TD Cowen upped their price objective on YETI from $43.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Jefferies Financial Group lifted their target price on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Piper Sandler restated an “overweight” rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a research note on Friday. Finally, Citigroup dropped their price objective on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, YETI has a consensus rating of “Hold” and a consensus target price 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.