YETI Holdings, Inc. (NYSE:YETI) Shares Purchased by Homestead Advisers Corp

Homestead Advisers Corp boosted its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 15.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,300 shares of the company's stock after purchasing an additional 12,600 shares during the period. Homestead Advisers Corp owned about 0.12% of YETI worth $3,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in YETI. Wasatch Advisors LP lifted its position in YETI by 0.9% during the 4th quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock worth $212,924,000 after buying an additional 51,443 shares in the last quarter. Wellington Management Group LLP lifted its holdings in YETI by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock valued at $137,114,000 after purchasing an additional 489,063 shares during the last quarter. Gates Capital Management Inc. acquired a new stake in shares of YETI during the fourth quarter worth $135,356,000. Dimensional Fund Advisors LP increased its position in shares of YETI by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock worth $57,812,000 after purchasing an additional 22,123 shares during the period. Finally, Congress Asset Management Co. grew its holdings in shares of YETI by 7.7% during the first quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company's stock worth $40,315,000 after purchasing an additional 86,906 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Stifel Nicolaus reduced 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. Jefferies Financial Group reissued a "buy" rating and set a $55.00 price objective on shares of YETI in a report on Monday, May 5th. Raymond James Financial cut their price objective on YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a report on Friday, May 9th. The Goldman Sachs Group dropped their target price on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $39.67.

YETI Stock Performance

Shares of YETI stock traded up $0.68 on Tuesday, hitting $36.51. The company had a trading volume of 798,664 shares, compared to its average volume of 2,088,860. The company has a 50-day moving average price of $31.41 and a 200-day moving average price of $32.98. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The firm has a market cap of $3.02 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 3.02 and a beta of 1.85. The company has a quick ratio of 1.47, a current ratio of 2.58 and a debt-to-equity ratio of 0.09.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) 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 return on equity of 26.48% and a net margin of 9.59%. The business's revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. As a group, equities research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share 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.

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