Vanguard Group Inc. Purchases 126,154 Shares of YETI Holdings, Inc. (NYSE:YETI)

Vanguard Group Inc. grew its position in YETI Holdings, Inc. (NYSE:YETI) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,209,349 shares of the company’s stock after purchasing an additional 126,154 shares during the period. Vanguard Group Inc. owned approximately 9.44% of YETI worth $425,080,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Beacon Pointe Advisors LLC increased its position in YETI by 1.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 22,485 shares of the company’s stock worth $1,164,000 after buying an additional 239 shares during the last quarter. SG Americas Securities LLC increased its position in YETI by 5.8% during the fourth quarter. SG Americas Securities LLC now owns 5,890 shares of the company’s stock worth $305,000 after buying an additional 324 shares during the last quarter. KLR Investment Advisors LLC increased its position in YETI by 5.9% during the fourth quarter. KLR Investment Advisors LLC now owns 6,421 shares of the company’s stock worth $332,000 after buying an additional 355 shares during the last quarter. Signaturefd LLC increased its position in YETI by 27.0% during the fourth quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock worth $90,000 after buying an additional 368 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of YETI by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 38,421 shares of the company’s stock valued at $1,989,000 after purchasing an additional 380 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Canaccord Genuity Group upped their target price on YETI from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Morgan Stanley upped their target price on YETI from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. William Blair reaffirmed an “outperform” rating on shares of YETI in a research report on Wednesday, May 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 target price (up previously from $52.00) on shares of YETI in a research report on Friday, May 10th. Finally, Raymond James upped their target price on YETI from $48.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.80.

YETI Stock Up 1.5 %

Shares of NYSE:YETI opened at $40.00 on Thursday. The company has a fifty day moving average of $39.14 and a 200-day moving average of $41.81. The company has a market capitalization of $3.41 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.19 and a beta of 2.19. 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 52-week low of $33.88 and a 52-week high of $54.15.

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 the consensus estimate of $0.19 by $0.07. The company had revenue of $341.39 million during the quarter, compared to the consensus estimate of $333.79 million. YETI had a net margin of 10.32% and a return on equity of 28.81%. On average, equities analysts predict that YETI Holdings, Inc. will post 2.35 EPS for the current fiscal 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.