Oak Thistle LLC Makes New $793,000 Investment in YETI Holdings, Inc. (NYSE:YETI)

Oak Thistle LLC bought a new stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 23,967 shares of the company's stock, valued at approximately $793,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of YETI. Gates Capital Management Inc. bought a new stake in YETI during the 4th quarter valued at $135,356,000. Reinhart Partners LLC. bought a new position in YETI in the first quarter worth approximately $35,177,000. Brown Advisory Inc. bought a new position in YETI in the fourth quarter worth approximately $40,496,000. Westwood Holdings Group Inc. bought a new position in YETI in the fourth quarter worth approximately $37,098,000. Finally, Norges Bank bought a new position in YETI in the fourth quarter worth approximately $36,778,000.

Analyst Ratings Changes

YETI has been the topic of a number of recent analyst reports. Robert W. Baird reduced their price target on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Morgan Stanley upped their price target on YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Stifel Nicolaus reduced their price target on YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Finally, UBS Group upped their target price on YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $39.47.

YETI Price Performance

Shares of YETI stock traded up $2.06 during mid-day trading on Friday, hitting $38.86. 5,098,684 shares of the stock were exchanged, compared to its average volume of 2,281,378. The firm has a fifty day moving average of $32.01 and a 200 day moving average of $33.04. 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 Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25. The company has a market cap of $3.22 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 3.17 and a beta of 1.85.

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 analysts' consensus estimates of $0.27 by $0.04. The firm had revenue of $351.13 million for the quarter, compared to analyst estimates of $347.72 million. YETI had a net margin of 9.59% and a return on equity of 26.48%. YETI's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.34 EPS. Research analysts anticipate 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.