Inspire Advisors LLC Makes New Investment in YETI Holdings, Inc. (NYSE:YETI)

Key Points

• Inspire Advisors LLC acquired 18,987 shares of YETI Holdings, valued at approximately $628,000, in the first quarter of the year.
• YETI's recent earnings report showed an EPS of $0.31, exceeding estimates, with a year-over-year revenue increase of 2.8%.
• Analysts have mixed opinions on YETI, with ratings ranging from "buy" to "hold" and an average target price of $39.47.

Inspire Advisors LLC bought a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,987 shares of the company's stock, valued at approximately $628,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of YETI during the first quarter worth approximately $34,000. Aster Capital Management DIFC Ltd bought a new stake in shares of YETI in the fourth quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of YETI in the fourth quarter valued at about $45,000. GeoWealth Management LLC bought a new stake in shares of YETI in the fourth quarter valued at about $48,000. Finally, LRI Investments LLC bought a new stake in shares of YETI in the first quarter valued at about $65,000.

Analyst Ratings Changes

A number of brokerages have commented on YETI. Robert W. Baird cut their price target on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. UBS Group raised their price objective on shares of YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Stifel Nicolaus dropped their price objective on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Citigroup raised their price objective on shares of YETI from $36.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley raised their price objective on shares of YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, YETI presently has an average rating of "Hold" and an average target price of $39.47.

YETI Trading Down 1.0%

YETI stock traded down $0.37 during midday trading on Thursday, reaching $36.89. The company's stock had a trading volume of 820,546 shares, compared to its average volume of 2,134,960. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The stock has a market cap of $3.06 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 3.27 and a beta of 1.85. The company has a quick ratio of 1.47, a current ratio of 2.58 and a debt-to-equity ratio of 0.09. The business's 50-day simple moving average is $32.43 and its 200-day simple moving average is $33.05.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The company had revenue of $351.13 million for the quarter, compared to analysts' expectations of $347.72 million. YETI had a net margin of 9.59% and a return on equity of 26.48%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. As a group, sell-side analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current year.

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.