AIA Group Ltd Increases Position in YETI Holdings, Inc. (NYSE:YETI)

AIA Group Ltd lifted its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 9.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,941 shares of the company’s stock after buying an additional 4,233 shares during the quarter. AIA Group Ltd’s holdings in YETI were worth $2,090,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in YETI during the third quarter valued at $26,000. Crewe Advisors LLC purchased a new position in shares of YETI during the first quarter valued at about $27,000. Versant Capital Management Inc increased its holdings in shares of YETI by 571.8% in 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 during the last quarter. Blue Trust Inc. lifted its position in shares of YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after buying an additional 630 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in YETI during the second quarter valued at approximately $42,000.

Wall Street Analyst Weigh In

YETI has been the subject of a number of recent research reports. Roth Mkm raised their target price on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Piper Sandler restated an “overweight” rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a report on Friday. Citigroup decreased their target price on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. KeyCorp lifted their price target on YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. Finally, TD Cowen upped their price objective on YETI from $43.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, YETI currently has an average rating of “Hold” and a consensus target price of $45.62.

YETI Stock Performance

Shares of NYSE:YETI opened at $38.65 on Friday. The firm’s 50 day simple moving average is $38.73 and its 200-day simple moving average is $39.11. 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 Holdings, Inc. has a one year low of $33.41 and a one year high of $54.15. The firm has a market cap of $3.27 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.05 and a beta of 2.12.

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

YETI 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.