Harbor Capital Advisors Inc. Acquires 82,407 Shares of YETI Holdings, Inc. (NYSE:YETI)

Harbor Capital Advisors Inc. boosted its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 205.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,499 shares of the company's stock after acquiring an additional 82,407 shares during the period. Harbor Capital Advisors Inc. owned 0.15% of YETI worth $4,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its position in shares of YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after purchasing an additional 280 shares during the period. Atria Investments Inc raised its position in shares of YETI by 4.2% in the 4th quarter. Atria Investments Inc now owns 8,110 shares of the company's stock valued at $312,000 after buying an additional 328 shares in the last quarter. Xponance Inc. raised its position in shares of YETI by 2.6% in the 4th quarter. Xponance Inc. now owns 13,250 shares of the company's stock valued at $510,000 after buying an additional 340 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of YETI by 8.1% during the 4th quarter. Assetmark Inc. now owns 5,853 shares of the company's stock worth $225,000 after acquiring an additional 438 shares during the period. Finally, Allworth Financial LP boosted its position in shares of YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $25,000 after acquiring an additional 467 shares in the last quarter.

YETI Trading Down 0.5%

NYSE YETI traded down $0.15 on Thursday, hitting $31.36. The company's stock had a trading volume of 435,203 shares, compared to its average volume of 1,787,419. The company's 50-day moving average is $29.68 and its 200 day moving average is $34.81. The firm has a market cap of $2.60 billion, a PE ratio of 15.22, a PEG ratio of 1.05 and a beta of 1.88. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

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

Analyst Ratings Changes

Several brokerages have commented on YETI. Robert W. Baird lowered their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Morgan Stanley boosted 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. Piper Sandler reduced their price objective on YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. UBS Group lowered their target price on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Finally, Raymond James dropped their target price on shares of YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $39.40.

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.