Xponance Inc. lessened its stake in YETI Holdings, Inc. (NYSE:YETI – Free Report) by 7.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,273 shares of the company’s stock after selling 977 shares during the period. Xponance Inc.’s holdings in YETI were worth $406,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in shares of YETI during the fourth quarter valued at $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in YETI in the fourth quarter worth about $45,000. GeoWealth Management LLC bought a new stake in YETI in the fourth quarter worth about $48,000. Headlands Technologies LLC acquired a new stake in YETI during the 4th quarter worth about $70,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of YETI in the fourth quarter worth about $77,000.
Wall Street Analysts Forecast Growth
Several brokerages have commented on YETI. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 target price on shares of YETI in a report on Monday, May 5th. KeyCorp upgraded YETI from an “underweight” rating to a “sector weight” rating in a report on Thursday, April 17th. Robert W. Baird dropped their price objective on YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Stifel Nicolaus dropped their price objective on YETI from $40.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Finally, UBS Group increased their price objective on YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.67.
YETI Trading Down 0.3%
Shares of YETI stock opened at $34.98 on Friday. The company’s fifty day simple moving average is $31.41 and its 200-day simple moving average is $33.05. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 3.03 and a beta of 1.85. The company has a current ratio of 2.58, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25.
YETI (NYSE:YETI – Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $351.13 million for the quarter, compared to the consensus estimate of $347.72 million. YETI had a net margin of 9.59% and a return on equity of 26.48%. YETI’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $0.34 earnings per share. As a group, sell-side analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current year.
YETI Company 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.
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