Retirement Planning Co of New England Inc. bought a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,278 shares of the company's stock, valued at approximately $638,000.
A number of other institutional investors have also recently bought and sold shares of YETI. Wasatch Advisors LP raised its holdings in shares of YETI by 0.9% in the 4th quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock worth $212,924,000 after buying an additional 51,443 shares in the last quarter. Wellington Management Group LLP grew its position in YETI by 15.9% in the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock valued at $137,114,000 after acquiring an additional 489,063 shares during the period. Gates Capital Management Inc. acquired a new position in YETI during the fourth quarter worth $135,356,000. Dimensional Fund Advisors LP lifted its holdings 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 valued at $57,812,000 after acquiring an additional 22,123 shares during the period. Finally, Congress Asset Management Co. boosted its stake in shares of YETI by 7.7% in the 1st quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company's stock valued at $40,315,000 after purchasing an additional 86,906 shares in the last quarter.
YETI Stock Performance
Shares of NYSE:YETI opened at $35.13 on Friday. The firm's 50 day simple moving average is $31.27 and its 200 day simple moving average is $33.07. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 2.91 and a beta of 1.85. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.58 and a quick ratio of 1.47.
YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $347.72 million. YETI had a return on equity of 26.48% and a net margin of 9.59%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. As a group, sell-side analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.
Analyst Upgrades and Downgrades
YETI has been the topic of several research analyst reports. KeyCorp raised shares of YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. Jefferies Financial Group reiterated a "buy" rating and issued a $55.00 price objective on shares of YETI in a research report on Monday, May 5th. 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. The Goldman Sachs Group cut their price target on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group raised their price objective on shares of YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $39.67.
Read Our Latest Stock Analysis on YETI
About YETI
(
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.
Further Reading
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