Versant Capital Management Inc Raises Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Versant Capital Management Inc boosted its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 585.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,922 shares of the company's stock after purchasing an additional 11,037 shares during the period. Versant Capital Management Inc's holdings in YETI were worth $428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP increased its holdings in 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 period. Aster Capital Management DIFC Ltd acquired a new stake in YETI in the fourth quarter valued at $44,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in YETI in the fourth quarter valued at $45,000. GeoWealth Management LLC acquired a new stake in YETI during the 4th quarter worth about $48,000. Finally, Blue Trust Inc. grew its holdings in YETI by 38.4% during the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after acquiring an additional 333 shares during the period.

Analyst Ratings Changes

A number of brokerages have weighed in on YETI. Canaccord Genuity Group decreased their price target on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a report on Friday, February 14th. Stifel Nicolaus decreased their price target on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, April 10th. KeyCorp upgraded YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. UBS Group decreased their price target on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group decreased their price target on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, YETI presently has a consensus rating of "Hold" and an average target price of $39.40.

YETI Stock Up 0.1%

NYSE YETI traded up $0.02 during trading hours on Monday, hitting $30.58. The company's stock had a trading volume of 2,005,273 shares, compared to its average volume of 1,780,321. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The company has a market capitalization of $2.53 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The company's 50-day simple moving average is $29.86 and its two-hundred day simple moving average is $35.13.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $351.13 million for the quarter, compared to analysts' expectations of $347.72 million. During the same quarter last year, the firm earned $0.34 EPS. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. Research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.