Parcion Private Wealth LLC Buys Shares of 8,089 YETI Holdings, Inc. (NYSE:YETI)

Parcion Private Wealth LLC bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,089 shares of the company's stock, valued at approximately $268,000.

A number of other institutional investors have also modified their holdings of YETI. Wasatch Advisors LP boosted its stake in YETI by 0.9% in the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock valued at $212,924,000 after acquiring an additional 51,443 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of YETI by 15.9% during the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock worth $137,114,000 after buying an additional 489,063 shares during the period. Gates Capital Management Inc. acquired a new stake in shares of YETI during the fourth quarter worth $135,356,000. Dimensional Fund Advisors LP lifted its stake in shares of YETI by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock worth $57,812,000 after buying an additional 22,123 shares during the period. Finally, Congress Asset Management Co. lifted its stake in shares of YETI by 7.7% during the first quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company's stock worth $40,315,000 after buying an additional 86,906 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on YETI. The Goldman Sachs Group decreased their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. KeyCorp upgraded shares of YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Morgan Stanley boosted their target price on shares of YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Piper Sandler cut their price objective on shares of YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Raymond James Financial cut their price objective 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $39.67.

YETI Trading Up 4.1%

Shares of YETI stock traded up $1.37 during trading on Thursday, hitting $35.13. The stock had a trading volume of 2,677,767 shares, compared to its average volume of 1,851,789. The stock has a 50 day simple moving average of $31.27 and a 200 day simple moving average of $33.07. The company has a market capitalization of $2.91 billion, a PE ratio of 16.89, a P/E/G ratio of 2.91 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 Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The business 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 quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. On average, research analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal 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.