Summit Trail Advisors LLC Buys 25,536 Shares of YETI Holdings, Inc. (NYSE:YETI)

Summit Trail Advisors LLC lifted its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 296.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,139 shares of the company's stock after buying an additional 25,536 shares during the period. Summit Trail Advisors LLC's holdings in YETI were worth $1,130,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in YETI. Aster Capital Management DIFC Ltd acquired a new stake in shares of YETI during the 4th quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in YETI during the fourth quarter valued at approximately $45,000. GeoWealth Management LLC bought a new stake in shares of YETI in the 4th quarter valued at approximately $48,000. Jones Financial Companies Lllp raised its holdings in shares of YETI by 22.5% in the 4th 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 bought a new position in shares of YETI during the 4th quarter worth approximately $70,000.

YETI Stock Down 1.4%

YETI stock traded down $0.47 during mid-day trading on Thursday, hitting $32.82. 471,961 shares of the company were exchanged, compared to its average volume of 1,821,817. The firm has a market cap of $2.72 billion, a P/E ratio of 15.80, a P/E/G ratio of 2.84 and a beta of 1.85. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. 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 firm's 50 day simple moving average is $30.35 and its 200 day simple moving average is $33.63.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Morgan Stanley lifted 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. Robert W. Baird dropped their price target on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Piper Sandler cut their price target on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $55.00 target price on shares of YETI in a research report on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.