Eagle Asset Management Inc. raised its holdings in Yeti Holdings Inc (NYSE:YETI) by 16.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,246,868 shares of the company’s stock after acquiring an additional 172,873 shares during the period. Eagle Asset Management Inc. owned about 1.47% of Yeti worth $34,912,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in YETI. SG Americas Securities LLC bought a new stake in shares of Yeti during the third quarter worth about $668,000. First Trust Advisors LP grew its holdings in shares of Yeti by 7.3% during the third quarter. First Trust Advisors LP now owns 73,273 shares of the company’s stock worth $2,052,000 after purchasing an additional 5,012 shares during the last quarter. Sigma Planning Corp bought a new stake in shares of Yeti during the third quarter worth about $608,000. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Yeti by 9.9% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 599,308 shares of the company’s stock worth $16,781,000 after purchasing an additional 53,990 shares during the last quarter. Finally, Emerald Advisers LLC grew its holdings in shares of Yeti by 8.0% during the third quarter. Emerald Advisers LLC now owns 631,668 shares of the company’s stock worth $17,687,000 after purchasing an additional 46,823 shares during the last quarter. Hedge funds and other institutional investors own 46.59% of the company’s stock.
In other Yeti news, SVP Bryan C. Barksdale sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $28.02, for a total value of $392,280.00. 10.70% of the stock is currently owned by insiders.
Shares of Yeti stock traded up $1.28 during midday trading on Friday, reaching $30.44. The company had a trading volume of 2,511,008 shares, compared to its average volume of 1,550,102. The stock has a fifty day moving average price of $30.68 and a 200 day moving average price of $29.74. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.65 and a quick ratio of 0.66. The firm has a market cap of $2.56 billion and a PE ratio of 39.03. Yeti Holdings Inc has a fifty-two week low of $12.40 and a fifty-two week high of $38.11.
Yeti (NYSE:YETI) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. The company had revenue of $229.10 million for the quarter, compared to analyst estimates of $222.35 million. Yeti had a return on equity of 152.95% and a net margin of 8.27%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. As a group, sell-side analysts forecast that Yeti Holdings Inc will post 1.04 EPS for the current year.
YETI has been the topic of several research reports. Raymond James boosted their price target on Yeti from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Piper Jaffray Companies set a $39.00 price objective on Yeti and gave the stock a “buy” rating in a research note on Monday, October 21st. Zacks Investment Research raised Yeti from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Saturday. Cowen set a $38.00 price objective on Yeti and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, KeyCorp lifted their price objective on Yeti from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.23.
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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