Algert Global LLC Has $2.50 Million Holdings in YETI Holdings, Inc. (NYSE:YETI)

Algert Global LLC lifted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 36.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,991 shares of the company’s stock after acquiring an additional 17,441 shares during the period. Algert Global LLC’s holdings in YETI were worth $2,503,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of YETI in the third quarter valued at about $38,000. Franklin Resources Inc. bought a new stake in YETI in the 3rd quarter valued at approximately $626,000. JPMorgan Chase & Co. boosted its position in YETI by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after acquiring an additional 62,619 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of YETI by 8.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 40,092 shares of the company’s stock worth $1,544,000 after acquiring an additional 3,262 shares in the last quarter. Finally, Green Alpha Advisors LLC raised its holdings in shares of YETI by 4.6% in the fourth quarter. Green Alpha Advisors LLC now owns 12,464 shares of the company’s stock valued at $480,000 after purchasing an additional 546 shares during the last quarter.

YETI Stock Up 2.0 %

Shares of YETI opened at $27.89 on Thursday. The firm’s 50-day simple moving average is $31.09 and its 200 day simple moving average is $35.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The firm has a market cap of $2.31 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25.

YETI (NYSE:YETI) last announced its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The firm had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. On average, analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on YETI. Jefferies Financial Group restated a “buy” rating and set a $55.00 target price on shares of YETI in a report on Monday. Stifel Nicolaus decreased their price objective on YETI from $40.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 10th. Piper Sandler reduced their price target on YETI from $52.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday. Robert W. Baird lowered their price target on YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Finally, KeyCorp raised YETI from an “underweight” rating to a “sector weight” rating in a report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.13.

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.