Yeti Holdings Inc (YETI) Major Shareholder Ryan R. Seiders Sells 1,176,290 Shares
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 stock was sold at an average price of $28.50, for a total transaction of $33,524,265.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of YETI stock traded down $0.59 on Thursday, reaching $27.52. The stock had a trading volume of 39,379 shares, compared to its average volume of 1,696,663. The stock has a market cap of $2.42 billion and a price-to-earnings ratio of 35.64. Yeti Holdings Inc has a 12 month low of $12.40 and a 12 month high of $36.60.
Yeti (NYSE:YETI) last issued its earnings results on Thursday, May 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.06. The firm had revenue of $155.40 million during the quarter, compared to the consensus estimate of $143.20 million. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, research analysts anticipate that Yeti Holdings Inc will post 0.95 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of YETI. Strs Ohio bought a new stake in shares of Yeti in the 4th quarter valued at about $68,000. Emerald Advisers LLC bought a new stake in shares of Yeti in the 4th quarter valued at about $5,874,000. Advisors Asset Management Inc. bought a new stake in shares of Yeti in the 4th quarter valued at about $62,000. Rhumbline Advisers bought a new stake in shares of Yeti in the 4th quarter valued at about $323,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Yeti in the 4th quarter valued at about $5,736,000. 21.89% of the stock is currently owned by institutional investors.
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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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