Azzad Asset Management Inc. ADV Boosts Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Azzad Asset Management Inc. ADV boosted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 97.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,760 shares of the company’s stock after purchasing an additional 25,592 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in YETI were worth $1,995,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State of Michigan Retirement System increased its holdings in YETI by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 21,347 shares of the company’s stock worth $823,000 after purchasing an additional 500 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in YETI by 48.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 54,201 shares of the company’s stock worth $2,089,000 after purchasing an additional 17,571 shares during the last quarter. Congress Wealth Management LLC DE increased its holdings in shares of YETI by 6.7% in the 1st quarter. Congress Wealth Management LLC DE now owns 123,590 shares of the company’s stock valued at $4,764,000 after acquiring an additional 7,769 shares during the last quarter. Chatham Capital Group Inc. increased its holdings in shares of YETI by 11.2% in the 1st quarter. Chatham Capital Group Inc. now owns 48,959 shares of the company’s stock valued at $1,887,000 after acquiring an additional 4,935 shares during the last quarter. Finally, Bridge City Capital LLC increased its holdings in shares of YETI by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 50,276 shares of the company’s stock valued at $1,938,000 after acquiring an additional 393 shares during the last quarter.

YETI Trading Up 0.1 %

Shares of YETI stock opened at $37.24 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.14 and a current ratio of 2.35. YETI Holdings, Inc. has a 1 year low of $33.88 and a 1 year high of $54.15. The stock has a fifty day moving average of $39.27 and a two-hundred day moving average of $41.42. The firm has a market capitalization of $3.17 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.13 and a beta of 2.14.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. YETI had a return on equity of 28.81% and a net margin of 10.32%. The company had revenue of $341.39 million during the quarter, compared to analyst estimates of $333.79 million. As a group, research analysts expect that YETI Holdings, Inc. will post 2.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on YETI shares. TD Cowen boosted their price target on YETI from $38.00 to $43.00 and gave the company a “hold” rating in a report on Friday, May 10th. William Blair reiterated an “outperform” rating on shares of YETI in a report on Wednesday, May 1st. Morgan Stanley boosted their price target on YETI from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Raymond James boosted their price target on YETI from $48.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Finally, Canaccord Genuity Group boosted their price target on YETI from $40.00 to $42.00 and gave the company a “hold” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.80.

About YETI

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.