International Assets Investment Management LLC Acquires 7,477 Shares of YETI Holdings, Inc. (NYSE:YETI)

International Assets Investment Management LLC raised its holdings in YETI Holdings, Inc. (NYSE:YETI) by 776.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,440 shares of the company’s stock after acquiring an additional 7,477 shares during the quarter. International Assets Investment Management LLC’s holdings in YETI were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. CWM LLC grew its position in shares of YETI by 42.9% during the 3rd quarter. CWM LLC now owns 2,183 shares of the company’s stock worth $105,000 after buying an additional 655 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of YETI during the 3rd quarter worth $216,000. SG Americas Securities LLC grew its position in shares of YETI by 88.5% during the 3rd quarter. SG Americas Securities LLC now owns 5,566 shares of the company’s stock worth $268,000 after buying an additional 2,613 shares in the last quarter. Oak Thistle LLC bought a new position in shares of YETI during the 3rd quarter worth $448,000. Finally, L. Roy Papp & Associates LLP grew its position in shares of YETI by 3.0% during the 3rd quarter. L. Roy Papp & Associates LLP now owns 44,356 shares of the company’s stock worth $2,139,000 after buying an additional 1,290 shares in the last quarter.

YETI Price Performance

Shares of NYSE YETI opened at $35.58 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. The company has a market cap of $3.03 billion, a PE ratio of 18.25, a P/E/G ratio of 1.42 and a beta of 2.29. The business has a 50-day simple moving average of $38.30 and a two-hundred day simple moving average of $42.69. YETI Holdings, Inc. has a fifty-two week low of $34.70 and a fifty-two week high of $54.15.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on YETI. KeyCorp increased their price target on YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research report on Friday, January 12th. Canaccord Genuity Group decreased their price objective on YETI from $41.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Stifel Nicolaus decreased their price objective on YETI from $43.00 to $41.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Canaccord Genuity Group cut YETI from a “buy” rating to a “hold” rating and upped their price objective for the stock from $49.00 to $50.00 in a research note on Thursday, January 4th. Finally, B. Riley decreased their price objective on YETI from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $48.00.

About YETI

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.