Crewe Advisors LLC Purchases Shares of 705 YETI Holdings, Inc. (NYSE:YETI)

Crewe Advisors LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 705 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC purchased a new position in shares of YETI in the first quarter worth about $35,000. Sachetta LLC purchased a new position in shares of YETI in the fourth quarter worth about $53,000. Principal Securities Inc. purchased a new position in shares of YETI in the fourth quarter worth about $74,000. Headlands Technologies LLC purchased a new position in YETI during the first quarter valued at approximately $76,000. Finally, Signaturefd LLC raised its position in YETI by 27.0% during the fourth quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock valued at $90,000 after acquiring an additional 368 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on YETI shares. Canaccord Genuity Group lifted their price target on YETI from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, May 10th. TD Cowen lifted their price target on YETI from $38.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Raymond James raised their price objective on YETI from $48.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Jefferies Financial Group raised their price objective on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Roth Mkm dropped their price objective on YETI from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, YETI presently has a consensus rating of “Hold” and an average target price of $46.47.

YETI Trading Up 3.2 %

NYSE YETI traded up $1.16 on Thursday, reaching $37.73. 1,055,828 shares of the company were exchanged, compared to its average volume of 1,609,109. The business’s fifty day moving average price is $39.59 and its 200 day moving average price is $40.06. The stock has a market capitalization of $3.22 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.13 and a beta of 2.14. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.12. YETI Holdings, Inc. has a fifty-two week low of $33.88 and a fifty-two week high of $54.15.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The company had revenue of $341.39 million for the quarter, compared to analyst estimates of $333.79 million. YETI had a return on equity of 28.81% and a net margin of 10.32%. Analysts forecast that YETI Holdings, Inc. will post 2.36 earnings per share 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.