Advisor Group Inc. raised its holdings in shares of Yeti Holdings Inc (NYSE:YETI) by 873.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,398 shares of the company’s stock after purchasing an additional 34,453 shares during the period. Advisor Group Inc.’s holdings in Yeti were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in YETI. BlackRock Inc. boosted its position in Yeti by 4.1% during the 1st quarter. BlackRock Inc. now owns 1,086,685 shares of the company’s stock worth $32,872,000 after acquiring an additional 42,587 shares during the last quarter. Oak Ridge Investments LLC acquired a new position in Yeti during the 1st quarter worth approximately $12,234,000. Parametric Portfolio Associates LLC acquired a new position in Yeti during the 1st quarter worth approximately $1,505,000. First Trust Advisors LP acquired a new position in Yeti during the 1st quarter worth approximately $2,135,000. Finally, New York State Common Retirement Fund acquired a new position in Yeti during the 1st quarter worth approximately $514,000. Institutional investors own 26.95% of the company’s stock.
In other Yeti news, Director Roy J. Seiders sold 1,319,302 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $28.50, for a total transaction of $37,600,107.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bryan C. Barksdale sold 9,650 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $28.50, for a total value of $275,025.00. The disclosure for this sale can be found here. In the last three months, insiders sold 2,549,150 shares of company stock valued at $72,650,775. 10.70% of the stock is currently owned by insiders.
Several research firms have recently commented on YETI. Cowen began coverage on Yeti in a report on Thursday, April 11th. They issued an “outperform” rating and a $35.00 price objective for the company. Robert W. Baird increased their price objective on Yeti from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, February 14th. Jefferies Financial Group increased their price objective on Yeti from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Stifel Nicolaus increased their price objective on Yeti from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, March 8th. Finally, Morgan Stanley downgraded Yeti from an “overweight” rating to an “equal weight” rating and set a $30.75 price objective for the company. in a report on Friday, March 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Yeti has an average rating of “Buy” and a consensus price target of $27.61.
NYSE YETI opened at $26.12 on Thursday. The company has a market capitalization of $2.20 billion and a PE ratio of 33.49. The company has a debt-to-equity ratio of 7.72, a current ratio of 1.54 and a quick ratio of 0.59. Yeti Holdings Inc has a 12 month low of $12.40 and a 12 month high of $36.60.
Yeti (NYSE:YETI) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.02 by $0.06. The company had revenue of $155.40 million during the quarter, compared to analyst estimates of $143.20 million. Yeti’s revenue was up 14.9% on a year-over-year basis. On average, sell-side analysts forecast that Yeti Holdings Inc will post 0.95 earnings per share for the current year.
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YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.
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