Bridgefront Capital LLC Takes Position in YETI Holdings, Inc. (NYSE:YETI)

Bridgefront Capital LLC acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,807 shares of the company's stock, valued at approximately $378,000.

A number of other large investors also recently modified their holdings of YETI. Wilmington Savings Fund Society FSB bought a new position in shares of YETI during the 3rd quarter worth $38,000. Franklin Resources Inc. purchased a new stake in YETI during the 3rd quarter valued at approximately $626,000. JPMorgan Chase & Co. lifted its stake in shares of YETI by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company's stock valued at $17,922,000 after purchasing an additional 62,619 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in YETI by 8.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 40,092 shares of the company's stock valued at $1,544,000 after acquiring an additional 3,262 shares during the period. Finally, Green Alpha Advisors LLC lifted its stake in YETI by 4.6% in the fourth quarter. Green Alpha Advisors LLC now owns 12,464 shares of the company's stock worth $480,000 after acquiring an additional 546 shares during the period.

YETI Price Performance

Shares of NYSE YETI traded up $3.35 on Monday, hitting $31.51. The company's stock had a trading volume of 2,744,028 shares, compared to its average volume of 1,697,283. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The stock has a 50 day moving average of $30.85 and a 200-day moving average of $35.84.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. YETI had a net margin of 9.60% and a return on equity of 28.23%. The company had revenue of $351.13 million for the quarter, compared to analyst estimates of $347.72 million. During the same quarter last year, the firm posted $0.34 earnings per share. The company's quarterly revenue was up 2.8% compared to the same quarter last year. As a group, research analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on YETI shares. UBS Group reduced their price target on shares of YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group cut their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. KeyCorp upgraded YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. Robert W. Baird dropped their price objective on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Piper Sandler lowered their price objective on shares of YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $39.40.

YETI Company 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.