Clark Estates Inc. NY Purchases New Stake in YETI Holdings, Inc. (NYSE:YETI)

Key Points

• Clark Estates Inc. NY has acquired a new position in YETI Holdings, Inc., purchasing 59,200 shares valued at approximately $1.96 million.
• Following this acquisition, multiple institutional investors have modified their holdings in YETI, including Bayforest Capital Ltd and LPL Financial LLC.
• YETI's stock has received mixed ratings from analysts, with an average target price of $39.47 and several recent target price adjustments from firms like Citigroup and Morgan Stanley.

Clark Estates Inc. NY bought a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 59,200 shares of the company's stock, valued at approximately $1,960,000. Clark Estates Inc. NY owned about 0.07% of YETI at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of YETI during the 1st quarter worth about $34,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of YETI during the 4th quarter worth about $44,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of YETI during the 4th quarter worth about $45,000. GeoWealth Management LLC purchased a new stake in shares of YETI during the 4th quarter worth about $48,000. Finally, LRI Investments LLC purchased a new stake in shares of YETI during the 1st quarter worth about $65,000.

YETI Stock Down 1.5%

Shares of YETI traded down $0.54 during trading on Thursday, reaching $36.72. The company's stock had a trading volume of 2,381,271 shares, compared to its average volume of 2,308,968. The company has a fifty day moving average of $32.56 and a two-hundred day moving average of $33.04. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 3.21 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.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on YETI. Stifel Nicolaus decreased their target price on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Morgan Stanley upped their price target on YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. UBS Group upped their price target on YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. The Goldman Sachs Group decreased 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. Finally, Piper Sandler decreased 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $39.47.

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.