Yeti (NYSE:YETI) Trading 7.6% Higher

Yeti Holdings Inc (NYSE:YETI) traded up 7.6% on Friday . The company traded as high as $32.03 and last traded at $31.79, 1,423,105 shares changed hands during mid-day trading. A decline of 9% from the average session volume of 1,555,954 shares. The stock had previously closed at $29.54.

A number of equities research analysts have recently weighed in on the company. Raymond James boosted their target price on Yeti from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Cowen set a $38.00 target price on Yeti and gave the company a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research raised Yeti from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Saturday. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.65.

The company has a debt-to-equity ratio of 4.12, a quick ratio of 0.66 and a current ratio of 1.58. The business has a 50 day moving average price of $28.61 and a two-hundred day moving average price of $29.52. The company has a market cap of $2.51 billion and a P/E ratio of 32.46.

Yeti (NYSE:YETI) last released its earnings results on Thursday, August 1st. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. Yeti had a return on equity of 333.94% and a net margin of 8.08%. The company had revenue of $231.70 million during the quarter, compared to analyst estimates of $226.22 million. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, research analysts expect that Yeti Holdings Inc will post 0.96 EPS for the current year.

In other Yeti news, SVP Bryan C. Barksdale sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $28.02, for a total transaction of $392,280.00. Corporate insiders own 10.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH raised its position in Yeti by 92.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 436,627 shares of the company’s stock valued at $12,640,000 after purchasing an additional 209,988 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in Yeti during the 2nd quarter valued at approximately $215,000. Sit Investment Associates Inc. bought a new position in Yeti during the 1st quarter valued at approximately $1,596,000. C M Bidwell & Associates Ltd. raised its position in Yeti by 58.1% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,545 shares of the company’s stock valued at $74,000 after purchasing an additional 935 shares during the last quarter. Finally, Boston Advisors LLC raised its position in Yeti by 72.0% during the 2nd quarter. Boston Advisors LLC now owns 45,391 shares of the company’s stock valued at $1,314,000 after purchasing an additional 19,004 shares during the last quarter. 46.63% of the stock is owned by institutional investors and hedge funds.

Yeti Company Profile (NYSE:YETI)

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.

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