YETI Holdings, Inc. (NYSE:YETI) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank raised its stake in YETI Holdings, Inc. (NYSE:YETI) by 522,800.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 15,687 shares of the company’s stock after purchasing an additional 15,684 shares during the period. Toronto Dominion Bank’s holdings in YETI were worth $598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC acquired a new position in shares of YETI in the 1st quarter valued at $27,000. Versant Capital Management Inc grew its stake in shares of YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after purchasing an additional 709 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of YETI in the first quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of YETI in the 2nd quarter worth $42,000. Finally, Headlands Technologies LLC purchased a new position in YETI during the first quarter worth about $76,000.

YETI Stock Performance

Shares of NYSE:YETI opened at $41.02 on Tuesday. The company has a market cap of $3.47 billion, a P/E ratio of 20.41, a PEG ratio of 1.18 and a beta of 2.11. YETI Holdings, Inc. has a one year low of $33.88 and a one year high of $54.15. The business’s 50-day simple moving average is $39.52 and its 200 day simple moving average is $38.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29.

YETI (NYSE:YETI) last announced its earnings results on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. The business had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. YETI had a net margin of 10.66% and a return on equity of 28.83%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, sell-side analysts forecast that YETI Holdings, Inc. will post 2.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on YETI shares. KeyCorp raised their price objective on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. TD Cowen increased their price objective on YETI from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Jefferies Financial Group lifted their price target on shares of YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Piper Sandler restated an “overweight” rating and set a $54.00 target price on shares of YETI in a research report on Tuesday, July 30th. Finally, Citigroup reduced their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, YETI presently has a consensus rating of “Hold” and an average 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.