Ryan R. Seiders Sells 1,176,290 Shares of Yeti Holdings Inc (YETI) Stock

Yeti Holdings Inc (NYSE:YETI) major shareholder Ryan R. Seiders sold 1,176,290 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $28.50, for a total value of $33,524,265.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

YETI traded down $0.48 during trading on Wednesday, reaching $28.11. The company’s stock had a trading volume of 2,527,500 shares, compared to its average volume of 1,696,663. Yeti Holdings Inc has a 52-week low of $12.40 and a 52-week high of $36.60. The firm has a market capitalization of $2.42 billion and a PE ratio of 36.04.

Yeti (NYSE:YETI) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.06. The business had revenue of $155.40 million during the quarter, compared to analysts’ expectations of $143.20 million. The firm’s revenue was up 14.9% on a year-over-year basis. On average, equities analysts predict that Yeti Holdings Inc will post 0.95 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in Yeti by 1.7% in the 1st quarter. Rhumbline Advisers now owns 22,116 shares of the company’s stock valued at $669,000 after purchasing an additional 375 shares in the last quarter. First Mercantile Trust Co. boosted its holdings in Yeti by 5.9% in the 1st quarter. First Mercantile Trust Co. now owns 8,470 shares of the company’s stock valued at $256,000 after purchasing an additional 475 shares in the last quarter. Bayesian Capital Management LP boosted its holdings in Yeti by 3.5% in the 1st quarter. Bayesian Capital Management LP now owns 17,700 shares of the company’s stock valued at $535,000 after purchasing an additional 600 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Yeti in the 1st quarter valued at approximately $45,000. Finally, Waldron Private Wealth LLC boosted its holdings in Yeti by 11.3% in the 1st quarter. Waldron Private Wealth LLC now owns 16,695 shares of the company’s stock valued at $505,000 after purchasing an additional 1,695 shares in the last quarter. 21.89% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on YETI. Zacks Investment Research restated a “sell” rating on shares of Yeti in a research report on Saturday, January 26th. Cowen began coverage on Yeti in a research report on Thursday, April 11th. They issued an “outperform” rating and a $35.00 price target on the stock. Robert W. Baird boosted their price target on Yeti from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Jefferies Financial Group boosted their price target on Yeti from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, Stifel Nicolaus boosted their price target on Yeti from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. Yeti has an average rating of “Buy” and a consensus price target of $27.61.

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Yeti Company Profile

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.

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Insider Buying and Selling by Quarter for Yeti (NYSE:YETI)

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