YETI Holdings, Inc. (NYSE:YETI) Shares Bought by XTX Topco Ltd

XTX Topco Ltd raised its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 63.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,283 shares of the company’s stock after acquiring an additional 3,597 shares during the period. XTX Topco Ltd’s holdings in YETI were worth $354,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Capital Research Global Investors raised its position in YETI by 2.4% during the first quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock valued at $401,630,000 after acquiring an additional 248,680 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of YETI by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company’s stock worth $318,690,000 after purchasing an additional 57,582 shares during the period. American Century Companies Inc. grew its stake in shares of YETI by 311.4% during the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after purchasing an additional 1,488,994 shares during the period. Van Berkom & Associates Inc. lifted its stake in shares of YETI by 5.8% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,918,642 shares of the company’s stock valued at $73,196,000 after purchasing an additional 105,859 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of YETI by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after purchasing an additional 179,005 shares during the period.

Analysts Set New Price Targets

YETI has been the subject of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $54.00 price objective on shares of YETI in a research report on Tuesday, July 30th. Citigroup lowered their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Roth Mkm boosted their price objective on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 target price on shares of YETI in a research report on Monday, September 9th. Finally, Bank of America raised shares of YETI from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $55.00 in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $46.43.

YETI Trading Up 4.4 %

Shares of YETI opened at $40.37 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $39.43 and a 200 day moving average price of $38.90. YETI Holdings, Inc. has a 12-month low of $33.88 and a 12-month high of $54.15. The firm has a market capitalization of $3.42 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.13 and a beta of 2.11.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.64 by $0.06. The firm had revenue of $463.50 million for the quarter, compared to analyst estimates of $452.42 million. YETI had a net margin of 10.66% and a return on equity of 28.83%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. Sell-side analysts forecast that YETI Holdings, Inc. will post 2.35 EPS for the current year.

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.