Schwartz Investment Counsel Inc. Acquires 31,600 Shares of YETI Holdings, Inc. (NYSE:YETI)

Schwartz Investment Counsel Inc. boosted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 9.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 351,950 shares of the company's stock after purchasing an additional 31,600 shares during the period. Schwartz Investment Counsel Inc. owned about 0.43% of YETI worth $11,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in YETI. Aster Capital Management DIFC Ltd acquired a new stake in shares of YETI during the fourth quarter worth approximately $44,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of YETI during the fourth quarter worth approximately $45,000. GeoWealth Management LLC acquired a new stake in shares of YETI during the fourth quarter worth approximately $48,000. Jones Financial Companies Lllp increased its holdings in shares of YETI by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after buying an additional 280 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of YETI during the fourth quarter worth approximately $70,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Raymond James Financial dropped 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. KeyCorp raised shares of YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. The Goldman Sachs Group lowered their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley raised their price target on shares of YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $55.00 price target on shares of YETI in a report on Monday, May 5th. Ten equities research 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, YETI has a consensus rating of "Hold" and an average price target of $39.40.

YETI Price Performance

YETI opened at $30.62 on Friday. The company has a fifty day moving average price of $30.07 and a two-hundred day moving average price of $33.87. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 2.58. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The firm has a market capitalization of $2.54 billion, a PE ratio of 14.72, a P/E/G ratio of 2.59 and a beta of 1.88.

YETI (NYSE:YETI - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The firm had revenue of $351.13 million during 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%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. As a group, analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current 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.

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