YETI Holdings, Inc. (NYSE:YETI) Shares Acquired by First Hawaiian Bank

First Hawaiian Bank boosted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 8.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 14,215 shares of the company’s stock after acquiring an additional 1,140 shares during the period. First Hawaiian Bank’s holdings in YETI were worth $542,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Research Global Investors lifted its position in shares of YETI by 2.4% during the first quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock worth $401,630,000 after purchasing an additional 248,680 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of YETI by 53.0% during the fourth quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock worth $487,583,000 after acquiring an additional 3,260,704 shares during the last quarter. Vanguard Group Inc. grew its position in shares of YETI by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company’s stock worth $318,690,000 after acquiring an additional 57,582 shares during the last quarter. Franklin Resources Inc. grew its position in shares of YETI by 18.7% during the fourth quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock worth $207,090,000 after acquiring an additional 629,287 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of YETI by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,268,521 shares of the company’s stock worth $65,687,000 after acquiring an additional 103,732 shares during the last quarter.

YETI Stock Down 3.4 %

Shares of YETI stock traded down $1.32 during trading hours on Monday, reaching $38.07. 1,232,609 shares of the company’s stock were exchanged, compared to its average volume of 1,594,913. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.19 and a beta of 2.14. The stock’s 50 day moving average is $39.72 and its 200-day moving average is $39.72. YETI Holdings, Inc. has a fifty-two week low of $33.88 and a fifty-two week high of $54.15.

YETI (NYSE:YETI) last issued its earnings results on Thursday, May 9th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $341.39 million during the quarter, compared to analysts’ expectations of $333.79 million. YETI had a net margin of 10.32% and a return on equity of 28.81%. Analysts predict that YETI Holdings, Inc. will post 2.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on YETI shares. TD Cowen raised their price objective on YETI from $38.00 to $43.00 and gave the stock a “hold” rating in a report on Friday, May 10th. B. Riley dropped their price target on shares of YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Piper Sandler reiterated an “overweight” rating and issued a $54.00 target price on shares of YETI in a research note on Tuesday, July 30th. Citigroup lowered their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating for the company in a report on Monday. Finally, Canaccord Genuity Group boosted their price objective on shares of YETI from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, YETI currently has a consensus rating of “Hold” and an average price target of $46.00.

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.