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YETI Holdings, Inc. (NYSE:YETI) Shares Bought by GAMMA Investing LLC

YETI logo with Consumer Discretionary background

GAMMA Investing LLC increased its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 1,410.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,304 shares of the company's stock after purchasing an additional 17,092 shares during the period. GAMMA Investing LLC's holdings in YETI were worth $553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of YETI. Empowered Funds LLC purchased a new stake in YETI during the fourth quarter valued at approximately $357,000. Allspring Global Investments Holdings LLC lifted its position in YETI by 2.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 61,397 shares of the company's stock valued at $2,304,000 after acquiring an additional 1,625 shares during the last quarter. Rhumbline Advisers lifted its position in YETI by 0.3% during the fourth quarter. Rhumbline Advisers now owns 237,967 shares of the company's stock valued at $9,164,000 after acquiring an additional 669 shares during the last quarter. Principal Securities Inc. lifted its position in YETI by 305.5% during the fourth quarter. Principal Securities Inc. now owns 5,421 shares of the company's stock valued at $209,000 after acquiring an additional 4,084 shares during the last quarter. Finally, Allworth Financial LP lifted its position in YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after acquiring an additional 467 shares during the last quarter.

Analyst Ratings Changes

YETI has been the topic of a number of research analyst reports. KeyCorp raised shares of YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Stifel Nicolaus cut their target price on YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group cut their target price on YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird cut their target price on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Piper Sandler cut their target price on 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 company. Based on data from MarketBeat, YETI currently has an average rating of "Hold" and an average target price of $39.40.

Get Our Latest Stock Report on YETI

YETI Stock Performance

Shares of YETI stock traded up $0.06 during trading on Friday, hitting $29.35. 4,153,639 shares of the company's stock were exchanged, compared to its average volume of 1,808,960. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 2.58. The business has a 50-day simple moving average of $29.81 and a 200-day simple moving average of $34.24. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 2.54 and a beta of 1.88.

YETI (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 9.59% and a return on equity of 26.48%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. On average, research analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current year.

YETI Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for YETI (NYSE:YETI)

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