L. Roy Papp & Associates LLP Sells 11,200 Shares of YETI Holdings, Inc. (NYSE:YETI)

L. Roy Papp & Associates LLP trimmed its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 20.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,925 shares of the company’s stock after selling 11,200 shares during the quarter. L. Roy Papp & Associates LLP owned 0.05% of YETI worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Congress Wealth Management LLC DE grew its holdings in shares of YETI by 6.7% in the first quarter. Congress Wealth Management LLC DE now owns 123,590 shares of the company’s stock valued at $4,764,000 after acquiring an additional 7,769 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of YETI by 48.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 54,201 shares of the company’s stock valued at $2,089,000 after purchasing an additional 17,571 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of YETI by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 21,347 shares of the company’s stock worth $823,000 after purchasing an additional 500 shares during the period. Azzad Asset Management Inc. ADV boosted its holdings in shares of YETI by 97.8% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 51,760 shares of the company’s stock worth $1,995,000 after buying an additional 25,592 shares during the last quarter. Finally, Norden Group LLC bought a new position in YETI during the first quarter valued at about $511,000.

Wall Street Analysts Forecast Growth

YETI has been the topic of a number of research analyst reports. Bank of America upgraded shares of YETI from a “neutral” rating to a “buy” rating and boosted their target price for the company from $46.00 to $55.00 in a research note on Thursday, August 8th. B. Riley boosted their price objective on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. TD Cowen increased their target price on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. KeyCorp boosted their price target on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. Finally, Roth Mkm raised their price objective on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.77.

YETI Stock Down 1.9 %

Shares of YETI stock traded down $0.68 during midday trading on Friday, reaching $35.70. 1,240,650 shares of the stock were exchanged, compared to its average volume of 1,569,496. YETI Holdings, Inc. has a 1 year low of $33.88 and a 1 year high of $54.15. The firm has a market cap of $3.04 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.06 and a beta of 2.11. The company’s 50 day moving average is $39.51 and its two-hundred day moving average is $39.20. 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 (NYSE:YETI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. YETI had a return on equity of 28.83% and a net margin of 10.66%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share. On average, equities research analysts predict that YETI Holdings, Inc. will post 2.35 EPS for the current year.

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.