Vanguard Personalized Indexing Management LLC Acquires 3,585 Shares of YETI Holdings, Inc. (NYSE:YETI)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 34.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,846 shares of the company’s stock after acquiring an additional 3,585 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in YETI were worth $528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in YETI. Crewe Advisors LLC bought a new stake in shares of YETI during the first quarter valued at approximately $27,000. Versant Capital Management Inc boosted its position in YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after buying an additional 709 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of YETI in the 1st quarter valued at $35,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of YETI during the second quarter worth $42,000. Finally, Headlands Technologies LLC acquired a new position in shares of YETI during the first quarter valued at $76,000.

Analyst Ratings Changes

A number of research analysts have issued reports on YETI shares. Bank of America upgraded shares of YETI from a “neutral” rating to a “buy” rating and upped their target price for the company from $46.00 to $55.00 in a research report on Thursday, August 8th. Piper Sandler restated an “overweight” rating and issued a $54.00 price objective on shares of YETI in a report on Tuesday, July 30th. TD Cowen lifted their target price on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Roth Mkm increased their price target on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, B. Riley raised their price target on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, YETI currently has an average rating of “Hold” and a consensus target price of $46.43.

YETI Trading Up 4.4 %

NYSE YETI opened at $40.37 on Friday. YETI Holdings, Inc. has a one year low of $33.88 and a one year high of $54.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.22. The firm has a market cap of $3.42 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.13 and a beta of 2.11. The stock’s 50-day moving average is $39.43 and its 200-day moving average is $38.90.

YETI (NYSE:YETI) last announced its earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.64 by $0.06. YETI had a net margin of 10.66% and a return on equity of 28.83%. The firm had revenue of $463.50 million for the quarter, compared to the consensus estimate of $452.42 million. During the same period last year, the company posted $0.51 EPS. The business’s quarterly revenue was up 15.1% on a year-over-year basis. Sell-side analysts anticipate that YETI Holdings, Inc. will post 2.35 earnings per share for the current fiscal year.

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.