Scientech Research LLC Invests $533,000 in YETI Holdings, Inc. (NYSE:YETI)

Scientech Research LLC purchased a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,962 shares of the company’s stock, valued at approximately $533,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in shares of YETI in the first quarter valued at $27,000. Versant Capital Management Inc lifted its position in shares of 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 in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of YETI during the first quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of YETI in the second quarter valued at approximately $42,000. Finally, Scarborough Advisors LLC bought a new position in YETI in the 4th quarter worth approximately $100,000.

YETI Trading Up 0.7 %

YETI opened at $40.68 on Monday. YETI Holdings, Inc. has a twelve month low of $33.88 and a twelve month high of $54.15. The firm has a market cap of $3.44 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.18 and a beta of 2.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29. The firm’s fifty day moving average is $39.46 and its two-hundred day moving average is $38.92.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Roth Mkm increased their price objective on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. B. Riley raised their price target on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Piper Sandler reissued an “overweight” rating and set a $54.00 price objective on shares of YETI in a report on Tuesday, July 30th. Jefferies Financial Group raised their target price on shares of YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Citigroup dropped their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.43.

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.