22,819 Shares in YETI Holdings, Inc. (NYSE:YETI) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in YETI Holdings, Inc. (NYSE:YETI) during the first quarter, according to its most recent filing with the SEC. The fund purchased 22,819 shares of the company’s stock, valued at approximately $880,000.

Other hedge funds have also bought and sold shares of the company. Comerica Bank increased its holdings in shares of YETI by 7.2% in the third quarter. Comerica Bank now owns 95,674 shares of the company’s stock worth $4,613,000 after purchasing an additional 6,467 shares during the last quarter. Deutsche Bank AG increased its stake in YETI by 4.3% in the 3rd quarter. Deutsche Bank AG now owns 241,570 shares of the company’s stock worth $11,649,000 after acquiring an additional 9,856 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of YETI during the 4th quarter worth approximately $210,000. SG Americas Securities LLC boosted its position in shares of YETI by 5.8% during the 4th quarter. SG Americas Securities LLC now owns 5,890 shares of the company’s stock valued at $305,000 after acquiring an additional 324 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of YETI by 6.1% in the fourth quarter. Raymond James & Associates now owns 115,168 shares of the company’s stock valued at $5,963,000 after purchasing an additional 6,606 shares in the last quarter.

YETI Trading Up 1.3 %

YETI stock opened at $40.14 on Monday. The company has a market capitalization of $3.42 billion, a PE ratio of 19.97, a P/E/G ratio of 1.22 and a beta of 2.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.35 and a quick ratio of 1.14. YETI Holdings, Inc. has a 12 month low of $33.88 and a 12 month high of $54.15. The firm’s 50-day moving average is $39.62 and its 200 day moving average is $40.61.

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

Analysts Set New Price Targets

YETI has been the topic of a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price target (up previously from $52.00) on shares of YETI in a research note on Friday, May 10th. TD Cowen upped their target price on shares of YETI from $38.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Roth Mkm dropped their price target on YETI from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Raymond James upped their price objective on YETI from $48.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Finally, William Blair reiterated an “outperform” rating on shares of YETI in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, YETI currently has a consensus 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.