Blue Trust Inc. Grows Stake in YETI Holdings, Inc. (NYSE:YETI)

Blue Trust Inc. boosted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 265.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 867 shares of the company’s stock after acquiring an additional 630 shares during the quarter. Blue Trust Inc.’s holdings in YETI were worth $33,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC raised its holdings in 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 buying an additional 15,280 shares during the period. BOKF NA raised its stake in shares of YETI by 12,075.3% in the first quarter. BOKF NA now owns 18,263 shares of the company’s stock valued at $701,000 after acquiring an additional 18,113 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of YETI by 65.8% in the 1st quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock worth $2,630,000 after acquiring an additional 27,076 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of YETI during the 1st quarter worth about $880,000. Finally, BNP Paribas Financial Markets grew its holdings in YETI by 319.4% during the 1st quarter. BNP Paribas Financial Markets now owns 158,092 shares of the company’s stock valued at $6,094,000 after purchasing an additional 120,397 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. KeyCorp raised their price objective on shares of YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. Jefferies Financial Group raised their price target on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Roth Mkm upped their price objective on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 target price on shares of YETI in a research note on Monday, September 30th. Finally, TD Cowen boosted their target price on shares of YETI from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.77.

YETI Trading Up 0.6 %

NYSE:YETI opened at $35.42 on Friday. The firm has a 50-day simple moving average of $39.01 and a 200-day simple moving average of $39.10. YETI Holdings, Inc. has a one year low of $33.88 and a one year high of $54.15. The firm has a market cap of $3.00 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.02 and a beta of 2.12. 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 issued 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 net margin of 10.66% and a return on equity of 28.83%. YETI’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Equities analysts anticipate that YETI Holdings, Inc. will post 2.35 EPS 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.