Natixis Advisors LLC Buys New Stake in YETI Holdings, Inc. (NYSE:YETI)

Natixis Advisors LLC acquired a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,897 shares of the company's stock, valued at approximately $625,000.

Several other hedge funds have also recently bought and sold shares of the business. LPL Financial LLC raised its holdings in shares of YETI by 29.8% during the fourth quarter. LPL Financial LLC now owns 35,425 shares of the company's stock worth $1,364,000 after acquiring an additional 8,141 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of YETI by 81.9% during the fourth quarter. Franklin Resources Inc. now owns 27,760 shares of the company's stock worth $1,069,000 after acquiring an additional 12,498 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of YETI by 196.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 222,181 shares of the company's stock valued at $8,556,000 after purchasing an additional 147,138 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of YETI during the 4th quarter valued at $6,240,000. Finally, Kennedy Capital Management LLC bought a new position in shares of YETI during the 4th quarter valued at $1,933,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on YETI shares. Raymond James Financial restated an "outperform" rating and set a $37.00 price target (up previously from $34.00) on shares of YETI in a report on Friday. Piper Sandler dropped their price target on shares of YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Canaccord Genuity Group lifted their price target on shares of YETI from $33.00 to $34.00 and gave the company a "hold" rating in a research report on Friday. The Goldman Sachs Group dropped their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, Citigroup lifted their price target on shares of YETI from $36.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $38.54.

YETI Stock Performance

YETI traded up $1.88 on Tuesday, hitting $33.74. 2,729,195 shares of the stock traded hands, compared to its average volume of 2,955,143. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.74 billion, a PE ratio of 16.07, a P/E/G ratio of 2.65 and a beta of 1.84. The business has a fifty day moving average price of $33.27 and a two-hundred day moving average price of $32.85.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%. The firm had revenue of $445.89 million for the quarter, compared to analyst estimates of $461.73 million. During the same period in the previous year, the company posted $0.70 earnings per share. The company's quarterly revenue was down 3.8% compared to the same quarter last year. On average, research analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal 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.