YETI Holdings, Inc. (NYSE:YETI) Shares Acquired by Royce & Associates LP

Royce & Associates LP increased its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 26.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 857,821 shares of the company's stock after acquiring an additional 179,776 shares during the period. Royce & Associates LP owned approximately 1.04% of YETI worth $28,394,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of YETI. Gates Capital Management Inc. acquired a new stake in shares of YETI in the fourth quarter valued at $135,356,000. Reinhart Partners LLC. purchased a new position in YETI in the first quarter valued at $35,177,000. Brown Advisory Inc. purchased a new position in YETI in the fourth quarter valued at $40,496,000. Westwood Holdings Group Inc. purchased a new position in shares of YETI during the fourth quarter worth about $37,098,000. Finally, Norges Bank purchased a new position in shares of YETI during the fourth quarter worth about $36,778,000.

YETI Trading Down 2.7%

Shares of NYSE:YETI traded down $1.08 during mid-day trading on Thursday, hitting $38.62. The stock had a trading volume of 524,908 shares, compared to its average volume of 2,113,703. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 2.58. The company has a market cap of $3.20 billion, a PE ratio of 18.58, a P/E/G ratio of 3.26 and a beta of 1.85. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25. The company's 50 day moving average is $31.62 and its 200-day moving average is $33.00.

YETI (NYSE:YETI - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. YETI had a net margin of 9.59% and a return on equity of 26.48%. The company had revenue of $351.13 million during the quarter, compared to the consensus estimate of $347.72 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The company's revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on YETI shares. Raymond James Financial reduced their price objective on shares of YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Jefferies Financial Group reiterated a "buy" rating and set a $55.00 price target on shares of YETI in a research report on Monday, May 5th. The Goldman Sachs Group cut their price objective on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Piper Sandler lowered their target price on shares of YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, KeyCorp raised shares of YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. Ten equities 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, the company presently has an average rating of "Hold" and an average target price of $39.47.

YETI 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.

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