Rothschild Investment Corp IL increased its stake in Yeti Holdings Inc (NYSE:YETI) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,775 shares of the company’s stock after buying an additional 8,850 shares during the period. Rothschild Investment Corp IL owned 0.22% of Yeti worth $5,118,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Yeti in the second quarter worth about $25,000. Lee Financial Co bought a new position in Yeti in the second quarter worth about $26,000. Meridian Wealth Management LLC bought a new position in Yeti in the second quarter worth about $53,000. US Bancorp DE raised its stake in Yeti by 265.0% in the second quarter. US Bancorp DE now owns 2,201 shares of the company’s stock worth $64,000 after buying an additional 1,598 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. raised its stake in Yeti by 58.1% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,545 shares of the company’s stock worth $74,000 after buying an additional 935 shares in the last quarter. 46.63% of the stock is owned by institutional investors.
In other Yeti news, SVP Bryan C. Barksdale sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $28.02, for a total transaction of $392,280.00. 10.70% of the stock is currently owned by company insiders.
Yeti (NYSE:YETI) last announced its earnings results on Thursday, August 1st. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. Yeti had a net margin of 8.08% and a return on equity of 333.94%. The business had revenue of $231.70 million during the quarter, compared to the consensus estimate of $226.22 million. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Analysts forecast that Yeti Holdings Inc will post 0.96 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on YETI shares. Raymond James increased their price target on shares of Yeti from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Zacks Investment Research raised shares of Yeti from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Saturday, October 5th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Yeti presently has an average rating of “Buy” and an average price target of $29.40.
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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