Sanctuary Advisors LLC Acquires New Holdings in YETI Holdings, Inc. (NYSE:YETI)

Sanctuary Advisors LLC acquired a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,593 shares of the company’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after acquiring an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in YETI during the third quarter valued at approximately $38,000. Blue Trust Inc. grew its holdings in YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after purchasing an additional 333 shares during the last quarter. Versant Capital Management Inc grew its holdings in YETI by 364.3% during the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock valued at $73,000 after purchasing an additional 1,479 shares during the last quarter. Finally, Quarry LP grew its holdings in YETI by 209.8% during the third quarter. Quarry LP now owns 1,927 shares of the company’s stock valued at $79,000 after purchasing an additional 1,305 shares during the last quarter.

YETI Stock Down 3.2 %

YETI opened at $34.25 on Wednesday. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The firm’s fifty day moving average price is $37.49 and its two-hundred day moving average price is $38.89. The company has a market capitalization of $2.82 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.05 and a beta of 2.13.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. On average, analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

YETI has been the topic of several analyst reports. KeyCorp lowered their price target on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. TD Cowen lowered their price target on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. UBS Group lowered their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Piper Sandler reiterated an “overweight” rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.77.

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.