Simplicity Solutions LLC Invests $238,000 in YETI Holdings, Inc. (NYSE:YETI)

Simplicity Solutions LLC bought a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) during the fourth quarter, Holdings Channel reports. The institutional investor bought 4,604 shares of the company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Baillie Gifford & Co. increased its holdings in shares of YETI by 53.0% during the fourth quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock valued at $487,583,000 after acquiring an additional 3,260,704 shares in the last quarter. BlackRock Inc. increased its stake in YETI by 2.4% during the 1st quarter. BlackRock Inc. now owns 7,759,032 shares of the company’s stock valued at $310,361,000 after purchasing an additional 180,218 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of YETI by 0.7% in the third quarter. Vanguard Group Inc. now owns 7,556,216 shares of the company’s stock valued at $215,503,000 after buying an additional 53,886 shares in the last quarter. Capital World Investors lifted its stake in shares of YETI by 23.4% in the first quarter. Capital World Investors now owns 7,266,836 shares of the company’s stock valued at $435,865,000 after buying an additional 1,376,536 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of YETI by 6.7% during the first quarter. Wellington Management Group LLP now owns 4,613,072 shares of the company’s stock valued at $276,692,000 after buying an additional 289,335 shares during the last quarter.

YETI Price Performance

Shares of NYSE YETI opened at $37.29 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30. YETI Holdings, Inc. has a fifty-two week low of $34.70 and a fifty-two week high of $54.15. The stock has a market cap of $3.18 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.46 and a beta of 2.29. The stock has a fifty day moving average of $39.03 and a 200-day moving average of $42.80.

YETI (NYSE:YETI) last released its earnings results on Thursday, February 15th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06). The business had revenue of $519.79 million for the quarter, compared to the consensus estimate of $535.99 million. YETI had a net margin of 10.24% and a return on equity of 27.99%. YETI’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. Equities research analysts anticipate that YETI Holdings, Inc. will post 2.27 earnings per share for the current year.

Wall Street Analyst Weigh In

YETI has been the subject of several recent analyst reports. KeyCorp upped their target price on YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a report on Friday, January 12th. Raymond James decreased their target price on YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Canaccord Genuity Group lowered their target price on YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. B. Riley reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of YETI in a research report on Friday, February 16th. Finally, Stifel Nicolaus dropped their target price on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.29.

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.