YETI Holdings, Inc. (NYSE:YETI) Position Raised by LPL Financial LLC

LPL Financial LLC raised its stake in YETI Holdings, Inc. (NYSE:YETI) by 0.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 68,269 shares of the company’s stock after buying an additional 618 shares during the quarter. LPL Financial LLC owned approximately 0.08% of YETI worth $2,731,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BDO Wealth Advisors LLC bought a new stake in YETI in the first quarter valued at $30,000. EverSource Wealth Advisors LLC bought a new stake in shares of YETI during the fourth quarter valued at about $36,000. International Assets Investment Management LLC bought a new stake in shares of YETI during the first quarter valued at about $39,000. Global Wealth Management Investment Advisory Inc. raised its stake in shares of YETI by 67.0% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock valued at $45,000 after purchasing an additional 300 shares in the last quarter. Finally, First Manhattan Co. bought a new stake in shares of YETI during the fourth quarter valued at about $50,000.

YETI Price Performance

NYSE YETI opened at $49.74 on Wednesday. The stock’s 50-day moving average price is $42.79 and its two-hundred day moving average price is $40.17. The company has a current ratio of 2.09, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. The company has a market cap of $4.31 billion, a PE ratio of 65.45, a PEG ratio of 2.61 and a beta of 2.42. YETI Holdings, Inc. has a 1 year low of $27.86 and a 1 year high of $51.27.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. The firm had revenue of $402.56 million for the quarter, compared to the consensus estimate of $410.70 million. YETI had a return on equity of 31.03% and a net margin of 4.19%. On average, analysts predict that YETI Holdings, Inc. will post 2.06 EPS for the current year.

Insider Buying and Selling at YETI

In other YETI news, CFO Michael John Mcmullen sold 2,460 shares of YETI stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $48.08, for a total transaction of $118,276.80. Following the transaction, the chief financial officer now owns 36,949 shares of the company’s stock, valued at approximately $1,776,507.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.94% of the company’s stock.

Wall Street Analyst Weigh In

YETI has been the topic of a number of recent analyst reports. Canaccord Genuity Group lifted their price objective on shares of YETI from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Piper Sandler lifted their price objective on shares of YETI from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Morgan Stanley lifted their price objective on shares of YETI from $47.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Raymond James lifted their price objective on shares of YETI from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Finally, Roth Mkm restated a “neutral” rating and set a $46.00 price objective on shares of YETI in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.53.

YETI Profile

YETI Holdings, Inc designs, markets, 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. The company also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, straw mugs and cups, bottles, jugs, and water bottles, as well as accessories comprising bottle straw and chug caps, lids, straw lids, color packs, tumbler handles, and jug mounts under the Rambler brand.