8,757 Shares in YETI Holdings, Inc. (NYSE:YETI) Bought by Algert Global LLC

Algert Global LLC bought a new stake in YETI Holdings, Inc. (NYSE:YETI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,757 shares of the company’s stock, valued at approximately $334,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YETI. American Century Companies Inc. raised its position in YETI by 311.4% during the second quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock valued at $75,049,000 after acquiring an additional 1,488,994 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of YETI during the 2nd quarter worth $23,166,000. Millennium Management LLC lifted its stake in shares of YETI by 54.8% in the 2nd quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock valued at $31,183,000 after purchasing an additional 289,298 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of YETI by 76.2% in the 2nd quarter. Marshall Wace LLP now owns 607,551 shares of the company’s stock valued at $23,178,000 after purchasing an additional 262,829 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in YETI by 2.4% in the first quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock worth $401,630,000 after purchasing an additional 248,680 shares in the last quarter.

Analysts Set New Price Targets

YETI has been the subject of a number of analyst reports. B. Riley boosted 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. Citigroup reduced their target price on YETI from $49.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Roth Mkm increased their price target on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 price target on shares of YETI in a research report on Monday, September 30th. Finally, Bank of America raised shares of YETI from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $46.00 to $55.00 in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.77.

YETI Stock Up 0.1 %

Shares of YETI opened at $41.68 on Wednesday. YETI Holdings, Inc. has a 52 week low of $33.88 and a 52 week high of $54.15. The firm has a market capitalization of $3.53 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.19 and a beta of 2.11. The company has a 50-day simple moving average of $39.82 and a 200-day simple moving average of $39.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. YETI had a return on equity of 28.83% and a net margin of 10.66%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. On average, equities research analysts expect that YETI Holdings, Inc. will post 2.35 earnings per share 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.