Commonwealth Equity Services LLC Boosts Holdings in YETI Holdings, Inc. (NYSE:YETI)

Commonwealth Equity Services LLC grew its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 17.3% in the second quarter, Holdings Channel reports. The firm owned 18,768 shares of the company’s stock after purchasing an additional 2,769 shares during the period. Commonwealth Equity Services LLC’s holdings in YETI were worth $716,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new position in YETI during the first quarter worth about $27,000. Versant Capital Management Inc grew its holdings in shares of YETI by 571.8% during the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after purchasing an additional 709 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of YETI in the first quarter worth approximately $35,000. Sachetta LLC purchased a new stake in YETI in the fourth quarter valued at approximately $53,000. Finally, Principal Securities Inc. bought a new stake in YETI during the fourth quarter valued at approximately $74,000.

Analyst Ratings Changes

A number of brokerages have recently commented on YETI. KeyCorp increased their price target on shares of YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, August 9th. Citigroup lowered their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 price objective on shares of YETI in a report on Monday, September 9th. Bank of America raised YETI from a “neutral” rating to a “buy” rating and raised their price objective for the company from $46.00 to $55.00 in a report on Thursday, August 8th. Finally, B. Riley upped their target price on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. One equities 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 data from MarketBeat, YETI currently has an average rating of “Hold” and a consensus target price of $46.43.

YETI Stock Down 0.5 %

Shares of NYSE YETI opened at $39.06 on Thursday. The firm’s fifty day moving average is $39.41 and its 200 day moving average is $38.89. YETI Holdings, Inc. has a 52 week low of $33.88 and a 52 week high of $54.15. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.18 and a beta of 2.11.

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