Axa S.A. Purchases New Shares in YETI Holdings, Inc. (NYSE:YETI)

Axa S.A. purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,223 shares of the company’s stock, valued at approximately $1,306,000.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of YETI by 259.4% during the 1st quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock valued at $816,000 after purchasing an additional 15,280 shares during the last quarter. Congress Asset Management Co. MA lifted its stake in shares of YETI by 7.7% during the 1st quarter. Congress Asset Management Co. MA now owns 790,900 shares of the company’s stock valued at $30,489,000 after buying an additional 56,881 shares in the last quarter. BOKF NA boosted its holdings in YETI by 12,075.3% in the 1st quarter. BOKF NA now owns 18,263 shares of the company’s stock worth $701,000 after buying an additional 18,113 shares during the period. Azzad Asset Management Inc. ADV grew its stake in YETI by 97.8% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 51,760 shares of the company’s stock valued at $1,995,000 after buying an additional 25,592 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in YETI by 65.8% during the 1st quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock valued at $2,630,000 after acquiring an additional 27,076 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. B. Riley raised their price target on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Citigroup decreased their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Bank of America upgraded shares of YETI from a “neutral” rating to a “buy” rating and raised their price objective for the company from $46.00 to $55.00 in a research report on Thursday, August 8th. Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 target price on shares of YETI in a research note on Monday. Finally, KeyCorp boosted their price target on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.43.

YETI Trading Down 0.6 %

Shares of YETI stock opened at $40.78 on Wednesday. The business has a 50-day moving average price of $39.58 and a two-hundred day moving average price of $38.98. YETI Holdings, Inc. has a 12-month low of $33.88 and a 12-month high of $54.15. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.45 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.18 and a beta of 2.11.

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