Crewe Advisors LLC Takes Position in YETI Holdings, Inc. (NYSE:YETI)

Crewe Advisors LLC purchased a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 705 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of YETI. Fidelis Capital Partners LLC bought a new stake in YETI during the 1st quarter valued at $35,000. Sachetta LLC purchased a new position in YETI during the 4th quarter worth $53,000. Principal Securities Inc. purchased a new position in YETI during the 4th quarter worth $74,000. Headlands Technologies LLC purchased a new position in YETI during the 1st quarter worth $76,000. Finally, Signaturefd LLC boosted its holdings in YETI by 27.0% during the 4th quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock worth $90,000 after acquiring an additional 368 shares during the last quarter.

YETI Price Performance

Shares of YETI traded up $1.16 during midday trading on Thursday, hitting $37.73. 1,055,828 shares of the company traded hands, compared to its average volume of 1,609,109. The stock has a 50-day moving average of $39.59 and a 200-day moving average of $40.06. YETI Holdings, Inc. has a one year low of $33.88 and a one year high of $54.15. The firm has a market cap of $3.22 billion, a P/E ratio of 18.77, a PEG ratio of 1.13 and a beta of 2.14. 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 announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $333.79 million. As a group, sell-side analysts predict that YETI Holdings, Inc. will post 2.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price objective (up from $52.00) on shares of YETI in a report on Friday, May 10th. TD Cowen boosted their price target on shares of YETI from $38.00 to $43.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Morgan Stanley boosted their price target on shares of YETI from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Roth Mkm cut their price target on shares of YETI from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. Finally, Canaccord Genuity Group boosted their price target on shares of YETI from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.47.

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.