Janney Montgomery Scott LLC boosted its position in YETI Holdings, Inc. (NYSE:YETI – Free Report) by 4.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 26,421 shares of the company’s stock after purchasing an additional 1,071 shares during the period. Janney Montgomery Scott LLC’s holdings in YETI were worth $1,026,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Harbor Investment Advisory LLC raised its stake in YETI by 88.4% in the second quarter. Harbor Investment Advisory LLC now owns 701 shares of the company’s stock valued at $27,000 after buying an additional 329 shares during the period. BDO Wealth Advisors LLC acquired a new position in shares of YETI during the 1st quarter worth approximately $30,000. Global Wealth Management Investment Advisory Inc. raised its stake in YETI by 67.0% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock valued at $45,000 after acquiring an additional 300 shares during the period. Bessemer Group Inc. lifted its holdings in YETI by 1,104.3% during the 1st quarter. Bessemer Group Inc. now owns 831 shares of the company’s stock valued at $33,000 after purchasing an additional 762 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in YETI during the first quarter worth $39,000.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. KeyCorp cut their target price on shares of YETI from $34.00 to $33.00 and set an “underweight” rating for the company in a research note on Friday, October 6th. Roth Mkm reiterated a “neutral” rating and set a $46.00 target price on shares of YETI in a research note on Wednesday, August 16th. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price target on shares of YETI in a research note on Wednesday, September 27th. BNP Paribas cut YETI from an “outperform” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research report on Thursday, October 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $57.00 target price on shares of YETI in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.94.
Insider Transactions at YETI
In related news, CFO Michael John Mcmullen sold 2,460 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $48.08, for a total value of $118,276.80. Following the completion of the transaction, the chief financial officer now owns 36,949 shares in the company, valued at approximately $1,776,507.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.94% of the company’s stock.
YETI Stock Performance
NYSE YETI opened at $42.80 on Wednesday. The firm’s fifty day moving average price is $45.61 and its two-hundred day moving average price is $41.68. The stock has a market cap of $3.71 billion, a PE ratio of 56.32, a PEG ratio of 2.09 and a beta of 2.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 2.09. YETI Holdings, Inc. has a fifty-two week low of $29.78 and a fifty-two week high of $51.27.
YETI (NYSE:YETI – Get Free Report) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. YETI had a return on equity of 31.03% and a net margin of 4.19%. The business had revenue of $402.56 million for the quarter, compared to analyst estimates of $410.70 million. On average, equities analysts expect that YETI Holdings, Inc. will post 2.07 EPS for the current fiscal year.
YETI Company Profile
YETI Holdings, Inc designs, markets, 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. The company also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, straw mugs and cups, bottles, jugs, and water bottles, as well as accessories comprising bottle straw and chug caps, lids, straw lids, color packs, tumbler handles, and jug mounts under the Rambler brand.
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