Susquehanna Fundamental Investments LLC Makes New Investment in YETI Holdings, Inc. (NYSE:YETI)

Susquehanna Fundamental Investments LLC bought a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,659 shares of the company’s stock, valued at approximately $521,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors increased its position in YETI by 2.4% during the 1st quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock valued at $401,630,000 after buying an additional 248,680 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of YETI by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company’s stock valued at $318,690,000 after acquiring an additional 57,582 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of YETI by 311.4% during the second quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock valued at $75,049,000 after acquiring an additional 1,488,994 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in YETI by 5.8% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,918,642 shares of the company’s stock worth $73,196,000 after purchasing an additional 105,859 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in YETI by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after purchasing an additional 179,005 shares during the last quarter.

YETI Price Performance

Shares of NYSE:YETI opened at $40.59 on Friday. The firm’s 50 day moving average price is $39.67 and its 200-day moving average price is $38.99. 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 stock has a market capitalization of $3.46 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.18 and a beta of 2.11. YETI Holdings, Inc. has a twelve month low of $33.88 and a twelve month high of $54.15.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.06. The business 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 was up 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. Equities research analysts expect that YETI Holdings, Inc. will post 2.35 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on YETI shares. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $44.00 target price on shares of YETI in a report on Monday. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price objective on shares of YETI in a research report on Tuesday, July 30th. Jefferies Financial Group lifted their target price on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Bank of America raised YETI from a “neutral” rating to a “buy” rating and upped their price target for the company from $46.00 to $55.00 in a report on Thursday, August 8th. Finally, B. Riley increased their price objective on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock 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.