Granite Investment Advisors LLC Takes Position in Yeti Holdings Inc (NYSE:YETI)
Granite Investment Advisors LLC purchased 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 firm purchased 11,140 shares of the company’s stock, valued at approximately $323,000.
Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC acquired a new position in Yeti in the 4th quarter valued at $53,452,000. BlackRock Inc. acquired a new position in Yeti in the 4th quarter valued at $15,494,000. Norges Bank acquired a new position in Yeti in the 4th quarter valued at $10,483,000. Oak Ridge Investments LLC acquired a new position in Yeti in the 1st quarter valued at $12,234,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in Yeti in the 1st quarter valued at $6,678,000. Institutional investors and hedge funds own 26.23% of the company’s stock.
YETI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Friday, July 5th. Cowen reiterated an “outperform” rating and issued a $1,420.00 target price (up from $1,390.00) on shares of Alphabet in a research note on Thursday, April 11th. Finally, Goldman Sachs Group upgraded shares of Puxin from a “neutral” rating to a “buy” rating and raised their target price for the company from $51.00 to $56.00 in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.61.
NYSE YETI traded up $0.12 during midday trading on Friday, hitting $35.85. The company had a trading volume of 1,170,768 shares, compared to its average volume of 1,495,212. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.59 and a current ratio of 1.54. The firm has a market cap of $3.03 billion and a PE ratio of 45.96. The stock has a fifty day moving average of $30.05. Yeti Holdings Inc has a fifty-two week low of $12.40 and a fifty-two week high of $38.11.
Yeti (NYSE:YETI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. The company had revenue of $155.40 million during the quarter, compared to analyst estimates of $143.20 million. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, research analysts anticipate that Yeti Holdings Inc will post 0.95 EPS for the current year.
YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.
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