73,200 Shares in YETI Holdings, Inc. (NYSE:YETI) Purchased by Stephens Inc. AR

Stephens Inc. AR acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 73,200 shares of the company's stock, valued at approximately $2,423,000. Stephens Inc. AR owned approximately 0.09% of YETI at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in YETI. Gates Capital Management Inc. purchased a new stake in YETI during the 4th quarter worth about $135,356,000. Reinhart Partners LLC. purchased a new stake in YETI during the 1st quarter worth about $35,177,000. Brown Advisory Inc. purchased a new stake in YETI during the 4th quarter worth about $40,496,000. Westwood Holdings Group Inc. purchased a new stake in YETI in the 4th quarter valued at about $37,098,000. Finally, Norges Bank purchased a new stake in YETI in the 4th quarter valued at about $36,778,000.

Wall Street Analysts Forecast Growth

YETI has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their price target on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird lowered their price target on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Raymond James Financial lowered their price target on YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a report on Friday, May 9th. UBS Group lowered their price target on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, Piper Sandler lowered their price target on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, YETI presently has a consensus rating of "Hold" and a consensus price target of $39.40.

YETI Stock Up 3.0%

Shares of NYSE:YETI opened at $32.85 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 2.58. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The stock has a market capitalization of $2.72 billion, a P/E ratio of 15.79, a PEG ratio of 2.75 and a beta of 1.85. The stock has a 50-day simple moving average of $31.04 and a 200-day simple moving average of $33.09.

YETI (NYSE:YETI - Get Free Report) last released 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 firm had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. YETI had a return on equity of 26.48% and a net margin of 9.59%. YETI's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. Equities analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

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.

Want to see what other hedge funds are holding YETI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for YETI Holdings, Inc. (NYSE:YETI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.