Dimensional Fund Advisors LP Grows Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Dimensional Fund Advisors LP lifted its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 13.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,476,911 shares of the company’s stock after purchasing an additional 179,005 shares during the period. Dimensional Fund Advisors LP’s holdings in YETI were worth $56,351,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Crewe Advisors LLC purchased a new stake in shares of YETI during the 1st quarter worth $27,000. Versant Capital Management Inc lifted its position in shares of YETI by 571.8% during the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after purchasing an additional 709 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of YETI during the 1st quarter worth $35,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of YETI during the 2nd quarter worth $42,000. Finally, Headlands Technologies LLC purchased a new stake in YETI in the first quarter valued at $76,000.

YETI Trading Up 0.7 %

Shares of YETI stock opened at $40.68 on Friday. 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’s 50-day simple moving average is $39.46 and its 200-day simple moving average is $38.92. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.13 and a beta of 2.11.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. YETI had a net margin of 10.66% and a return on equity of 28.83%. The business had revenue of $463.50 million for the quarter, compared to analyst estimates of $452.42 million. During the same period in the previous year, the business posted $0.51 earnings per share. The business’s revenue was up 15.1% compared to the same quarter last year. As a group, equities research analysts anticipate that YETI Holdings, Inc. will post 2.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of YETI from $43.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Jefferies Financial Group boosted their price target on shares of YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. B. Riley boosted their price target on shares of YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Citigroup reduced their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Piper Sandler reissued an “overweight” rating and issued a $54.00 price target on shares of YETI in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.43.

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.