Simon Quick Advisors LLC Invests $359,000 in YETI Holdings, Inc. (NYSE:YETI)

Simon Quick Advisors LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,844 shares of the company's stock, valued at approximately $359,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in YETI. Allworth Financial LP grew its position in shares of YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after purchasing an additional 467 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of YETI in the fourth quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of YETI in the fourth quarter valued at about $45,000. GeoWealth Management LLC acquired a new stake in shares of YETI in the fourth quarter valued at about $48,000. Finally, Jones Financial Companies Lllp grew its position in shares of YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock valued at $59,000 after purchasing an additional 280 shares during the last quarter.

YETI Price Performance

Shares of NYSE YETI traded down $1.48 during mid-day trading on Friday, hitting $29.97. 1,578,699 shares of the stock were exchanged, compared to its average volume of 1,796,773. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The company has a market cap of $2.48 billion, a P/E ratio of 14.55, a PEG ratio of 1.05 and a beta of 1.88. The stock's fifty day simple moving average is $29.80 and its two-hundred day simple moving average is $34.64. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25.

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 business had revenue of $351.13 million during the quarter, compared to analyst estimates of $347.72 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. YETI's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. As a group, analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on YETI shares. KeyCorp upgraded shares of YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. Stifel Nicolaus reduced their target price on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Jefferies Financial Group restated a "buy" rating and set a $55.00 price target on shares of YETI in a research note on Monday, May 5th. Raymond James cut their price target on shares of YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, The Goldman Sachs Group cut their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, YETI presently has an average rating of "Hold" and a consensus price target of $39.40.

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.