International Assets Investment Management LLC Acquires 43,452 Shares of YETI Holdings, Inc. (NYSE:YETI)

International Assets Investment Management LLC raised its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 26,657.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,615 shares of the company’s stock after purchasing an additional 43,452 shares during the period. International Assets Investment Management LLC owned 0.05% of YETI worth $1,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in shares of YETI during the third quarter worth about $26,000. Crewe Advisors LLC acquired a new stake in YETI during the 1st quarter valued at approximately $27,000. Versant Capital Management Inc raised its holdings in YETI by 571.8% during the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after purchasing an additional 709 shares during the last quarter. Blue Trust Inc. lifted its position in shares of YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after purchasing an additional 630 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in shares of YETI in the 1st quarter valued at $35,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group reissued a “hold” rating and set a $44.00 target price on shares of YETI in a research note on Monday, September 30th. Citigroup decreased their target price on YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Jefferies Financial Group lifted their target price on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. KeyCorp increased their price target on YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, August 9th. Finally, Roth Mkm lifted their price objective on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, YETI presently has an average rating of “Hold” and an average price target of $46.77.

YETI Trading Up 0.6 %

NYSE:YETI opened at $35.42 on Monday. YETI Holdings, Inc. has a one year low of $33.88 and a one year high of $54.15. The company has a market cap of $3.00 billion, a PE ratio of 16.40, a PEG ratio of 1.02 and a beta of 2.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.22. The firm has a 50-day moving average of $39.01 and a 200-day moving average of $39.11.

YETI (NYSE:YETI) last announced its earnings results on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.06. The company had revenue of $463.50 million for the quarter, compared to analysts’ expectations of $452.42 million. YETI had a return on equity of 28.83% and a net margin of 10.66%. YETI’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. As a group, equities research analysts expect that YETI Holdings, Inc. will post 2.35 EPS for the current fiscal 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.