18,987 Shares in YETI Holdings, Inc. (NYSE:YETI) Bought by Inspire Advisors LLC

by · The Markets Daily

Inspire Advisors LLC bought a new position in YETI Holdings, Inc. (NYSE:YETI – Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 18,987 shares of the company’s stock, valued at approximately $628,000.

Other large investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in YETI in the 1st quarter worth $34,000. Aster Capital Management DIFC Ltd purchased a new position in shares of YETI in the fourth quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of YETI in the fourth quarter valued at about $45,000. GeoWealth Management LLC purchased a new position in shares of YETI in the fourth quarter valued at about $48,000. Finally, Headlands Technologies LLC purchased a new position in shares of YETI in the fourth quarter valued at about $70,000.

YETI Trading Up 5.6%

NYSE:YETI opened at $38.86 on Monday. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.58 and a quick ratio of 1.47. The company’s 50-day simple moving average is $32.01 and its 200 day simple moving average is $32.98. The firm has a market capitalization of $3.22 billion, a P/E ratio of 18.68, a PEG ratio of 3.35 and a beta of 1.85.

YETI (NYSE:YETI – Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.31 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $347.72 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. YETI’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

YETI has been the topic of a number of analyst reports. KeyCorp upgraded shares of YETI from an “underweight” rating to a “sector weight” rating in a research report on Thursday, April 17th. Piper Sandler decreased their price objective on shares of YETI from $52.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Robert W. Baird decreased their price objective on shares of YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group restated a “buy” rating and issued a $55.00 price objective on shares of YETI in a research report on Monday, May 5th. Finally, Citigroup lifted their target price on shares of YETI from $36.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Ten equities research 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 has an average rating of “Hold” and an average target price of $39.47.

View Our Latest Stock Analysis on YETI

YETI Profile

(Free Report)

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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