GAMMA Investing LLC Has $50,000 Stake in YETI Holdings, Inc. (NYSE:YETI)

GAMMA Investing LLC lifted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 52.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,223 shares of the company’s stock after buying an additional 423 shares during the quarter. GAMMA Investing LLC’s holdings in YETI were worth $50,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on YETI. Roth Mkm lifted their price target on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price target on shares of YETI in a research report on Tuesday, July 30th. Bank of America raised shares of YETI from a “neutral” rating to a “buy” rating and increased their price objective for the company from $46.00 to $55.00 in a research report on Thursday, August 8th. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 price objective on shares of YETI in a research report on Monday, September 30th. Finally, Jefferies Financial Group raised their price target on shares of YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, YETI currently has an average rating of “Hold” and an average price target of $46.77.

YETI Trading Down 2.6 %

YETI opened at $39.53 on Friday. The company’s 50 day moving average is $40.03 and its 200-day moving average is $39.26. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a 1-year low of $33.88 and a 1-year high of $54.15. The company has a market cap of $3.37 billion, a P/E ratio of 19.67, a PEG ratio of 1.19 and a beta of 2.11.

YETI (NYSE:YETI) last posted 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 business 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 earned $0.51 EPS. The firm’s revenue was up 15.1% compared to the same quarter last year. Equities research analysts predict that YETI Holdings, Inc. will post 2.35 earnings per share for the current fiscal year.

YETI 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.