YETI Holdings, Inc. (NYSE:YETI) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 95.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,759 shares of the company's stock after purchasing an additional 11,604 shares during the period. Janney Montgomery Scott LLC's holdings in YETI were worth $786,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new stake in YETI in the 4th quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd acquired a new position in YETI during the fourth quarter worth about $45,000. GeoWealth Management LLC purchased a new stake in shares of YETI in the fourth quarter valued at about $48,000. 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. Finally, Headlands Technologies LLC purchased a new position in shares of YETI during the 4th quarter worth approximately $70,000.

YETI Trading Up 3.2%

Shares of YETI opened at $31.56 on Tuesday. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The firm has a market capitalization of $2.61 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 2.64 and a beta of 1.88. The company has a current ratio of 2.58, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The stock's fifty day simple moving average is $30.15 and its 200 day simple moving average is $33.64.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings data 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 return on equity of 26.48% and a net margin of 9.59%. The business had revenue of $351.13 million for the quarter, compared to analyst estimates of $347.72 million. During the same period in the previous year, the company posted $0.34 EPS. The company's revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on YETI. The Goldman Sachs Group cut 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. 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 report on Thursday, April 10th. Morgan Stanley boosted their target price on shares of YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Robert W. Baird reduced their target price on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, KeyCorp upgraded shares of YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $39.40.

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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