YETI Holdings, Inc. (NYSE:YETI) Stake Increased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 167.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,385 shares of the company's stock after purchasing an additional 27,781 shares during the quarter. SG Americas Securities LLC owned about 0.05% of YETI worth $1,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pinebridge Investments L.P. lifted its stake in YETI by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 38,074 shares of the company's stock worth $1,466,000 after purchasing an additional 11,391 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of YETI by 1,172.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,807 shares of the company's stock valued at $609,000 after buying an additional 14,565 shares during the period. Boothbay Fund Management LLC grew its position in shares of YETI by 983.0% during the fourth quarter. Boothbay Fund Management LLC now owns 120,973 shares of the company's stock worth $4,659,000 after buying an additional 109,803 shares in the last quarter. Truist Financial Corp increased its stake in shares of YETI by 304.2% during the fourth quarter. Truist Financial Corp now owns 28,501 shares of the company's stock worth $1,098,000 after buying an additional 21,450 shares during the period. Finally, Clearbridge Investments LLC acquired a new stake in YETI in the fourth quarter valued at approximately $10,767,000.

YETI Price Performance

YETI stock traded up $0.51 during midday trading on Monday, hitting $30.51. The company's stock had a trading volume of 2,189,263 shares, compared to its average volume of 1,798,343. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $2.53 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.05 and a beta of 1.88. The stock's 50-day moving average price is $29.80 and its 200-day moving average price is $34.60.

YETI (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share 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 analysts' expectations of $347.72 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. Analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Raymond James decreased their price target on YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Robert W. Baird cut their price target on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Jefferies Financial Group restated a "buy" rating and issued a $55.00 price target on shares of YETI in a report on Monday, May 5th. Stifel Nicolaus decreased their target price on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Finally, UBS Group reduced their target price on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $39.40.

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.