Lisanti Capital Growth LLC Sells 143,710 Shares of YETI Holdings, Inc. (NYSE:YETI)

Lisanti Capital Growth LLC reduced its stake in YETI Holdings, Inc. (NYSE:YETI) by 79.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,430 shares of the company’s stock after selling 143,710 shares during the period. Lisanti Capital Growth LLC’s holdings in YETI were worth $1,886,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in YETI by 31.5% during the fourth quarter. Victory Capital Management Inc. now owns 783,334 shares of the company’s stock worth $40,561,000 after buying an additional 187,720 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of YETI by 13.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 58,266 shares of the company’s stock worth $3,017,000 after acquiring an additional 6,838 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in YETI by 1.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 79,018 shares of the company’s stock valued at $4,092,000 after acquiring an additional 1,210 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in YETI by 16.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 94,535 shares of the company’s stock valued at $4,895,000 after purchasing an additional 13,167 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of YETI by 27.0% in the fourth quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock worth $90,000 after purchasing an additional 368 shares during the last quarter.

YETI Stock Performance

Shares of YETI traded up $0.58 during mid-day trading on Tuesday, hitting $35.55. The stock had a trading volume of 1,978,218 shares, compared to its average volume of 1,635,610. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.45. The firm has a market cap of $3.03 billion, a P/E ratio of 17.93, a PEG ratio of 1.35 and a beta of 2.26. YETI Holdings, Inc. has a 52 week low of $33.88 and a 52 week high of $54.15. The business has a fifty day moving average price of $37.75 and a 200-day moving average price of $42.38.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a net margin of 10.24% and a return on equity of 27.99%. The business had revenue of $519.79 million for the quarter, compared to analysts’ expectations of $535.99 million. During the same period last year, the company earned $0.75 earnings per share. YETI’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities research analysts expect that YETI Holdings, Inc. will post 2.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on YETI shares. William Blair reaffirmed an “outperform” rating on shares of YETI in a research report on Wednesday, May 1st. Canaccord Genuity Group lowered their target price on shares of YETI from $41.00 to $40.00 and set a “hold” rating for the company in a report on Friday, April 5th. Stifel Nicolaus cut their price target on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, February 16th. KeyCorp lifted their target price on shares of YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research report on Friday, January 12th. Finally, B. Riley reduced their target price on YETI from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $48.00.

YETI 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.