YETI Holdings, Inc. (NYSE:YETI) Shares Acquired by Raymond James & Associates

Raymond James & Associates increased its position in YETI Holdings, Inc. (NYSE:YETI) by 10.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,588 shares of the company’s stock after buying an additional 13,641 shares during the period. Raymond James & Associates owned about 0.17% of YETI worth $5,554,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Crewe Advisors LLC acquired a new position in shares of YETI in the first quarter valued at approximately $27,000. Versant Capital Management Inc increased its position in YETI by 571.8% during the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after purchasing an additional 709 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in YETI during the first quarter worth approximately $35,000. Sachetta LLC acquired a new position in YETI during the fourth quarter worth approximately $53,000. Finally, Principal Securities Inc. acquired a new position in YETI during the fourth quarter worth approximately $74,000.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on YETI shares. William Blair reaffirmed an “outperform” rating on shares of YETI in a research report on Wednesday, May 1st. Raymond James boosted their price objective on shares of YETI from $48.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Bank of America upgraded shares of YETI from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $46.00 to $55.00 in a research note on Thursday, August 8th. TD Cowen boosted their price objective on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Piper Sandler restated an “overweight” rating and issued a $54.00 target price on shares of YETI in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $46.29.

YETI Stock Down 2.0 %

YETI stock opened at $39.58 on Thursday. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a fifty-two week low of $33.88 and a fifty-two week high of $54.15. The firm’s 50-day simple moving average is $39.40 and its 200 day simple moving average is $39.18. The stock has a market cap of $3.35 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.24 and a beta of 2.14.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. YETI had a net margin of 10.66% and a return on equity of 28.83%. The business had revenue of $463.50 million for the quarter, compared to analysts’ expectations of $452.42 million. During the same quarter last year, the company earned $0.51 EPS. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, sell-side analysts predict that YETI Holdings, Inc. will post 2.35 EPS for the current year.

YETI Company 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.