Bokf Na Increases Holdings in YETI Holdings, Inc. (NYSE:YETI)

Bokf Na lifted its position in YETI Holdings, Inc. (NYSE:YETI) by 12,075.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,263 shares of the company’s stock after purchasing an additional 18,113 shares during the quarter. Bokf Na’s holdings in YETI were worth $701,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of YETI. Magnetar Financial LLC purchased a new position in YETI during the first quarter valued at approximately $1,987,000. Lazard Asset Management LLC purchased a new stake in shares of YETI in the first quarter valued at approximately $132,000. Capital Research Global Investors increased its position in shares of YETI by 2.4% in the first quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock valued at $401,630,000 after buying an additional 248,680 shares in the last quarter. EntryPoint Capital LLC increased its position in shares of YETI by 269.6% in the first quarter. EntryPoint Capital LLC now owns 4,269 shares of the company’s stock valued at $165,000 after buying an additional 3,114 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of YETI in the first quarter valued at approximately $27,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on YETI shares. Jefferies Financial Group lifted their price target on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Raymond James boosted their price objective on YETI from $48.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price target (up previously from $52.00) on shares of YETI in a research note on Friday, May 10th. B. Riley decreased their price target on YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, Canaccord Genuity Group boosted their price objective on YETI from $40.00 to $42.00 and gave the company a “hold” rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $46.47.

YETI Stock Performance

Shares of YETI stock traded up $0.39 during trading hours on Monday, reaching $39.48. 138,290 shares of the company’s stock were exchanged, compared to its average volume of 1,594,533. The company has a market cap of $3.37 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 1.18 and a beta of 2.15. The company’s 50 day moving average is $39.58 and its two-hundred day moving average is $39.91. YETI Holdings, Inc. has a 1 year low of $33.88 and a 1 year high of $54.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.35 and a quick ratio of 1.14.

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