Vanguard Personalized Indexing Management LLC has increased its investment in YETI Holdings, Inc. (NYSE: YETI) by 78.7% during the first quarter of this year, according to the most recent disclosure with the Securities and Exchange Commission (SEC). The investment firm now owns 13,068 shares of YETI stock, representing an additional purchase of 5,755 shares during the quarter. As of the latest filing with the SEC, Vanguard Personalized Indexing Management LLC’s stake in YETI is valued at $523,000.
YETI Holdings is a popular company known for its high-quality outdoor lifestyle products such as coolers, drinkware, and bags. The increase in Vanguard’s stake in the company indicates a growing confidence in YETI’s prospects and performance.
For those interested in exploring further details about hedge fund holdings and insider trades of YETI Holdings, you can visit HoldingsChannel.com. This platform provides comprehensive information on 13F filings and insider trading activity related to various companies including YETI.
Diverse research analysts have recently voiced their opinions on YETI Holdings. Piper Sandler raised their price target for the stock from $55.00 to $57.00 and labeled it as “overweight” in their research report dated August 11th. Meanwhile, Roth Mkm reaffirmed a “neutral” rating with a price target of $46.00 on shares of YETI in a report published on August 16th. Canaccord Genuity Group also increased their price target from $54.00 to $58.00 and assigned a “buy” rating to the stock on August 11th. Citigroup followed suit by raising their price target from $47.00 to $54.00 and maintaining a “buy” rating on August 14th. Finally, Robert W. Baird raised their target price from $55.00 to $60.00 and granted the stock an “outperform” rating on August 11th. Out of all the analysts surveyed, only one gave the stock a sell rating, while seven recommended a hold rating and another seven assigned a buy rating to YETI Holdings. With these ratings considered, the consensus from Bloomberg.com indicates a “Hold” rating with a consensus price target of $50.53.
As of this reporting date in August 2023, Vanguard Personalized Indexing Management LLC’s increased stake in YETI Holdings underscores growing confidence in the company’s performance and potential future gains. It will be interesting to see how YETI progresses in the market and whether its products continue to attract consumers in the outdoor lifestyle industry.
YETI Holdings, Inc.
YETI
Buy
Updated on: 03/12/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Yeti Holdings Inc. Attracts Attention from Prominent Investors and Sets Course for Growth in the Outdoor Market
YETI Holdings, Inc. (NYSE: YETI) has been attracting attention from several large investors in recent months. BDO Wealth Advisors LLC entered the scene during the first quarter, purchasing a new stake in the company valued at approximately $30,000. Vontobel Holding Ltd., on the other hand, increased its existing stake in YETI by 9.4% during the same period. This move added 1,082 additional shares to its portfolio, resulting in a total worth of $502,000.
Another major player that has shown interest in YETI is Y Intercept Hong Kong Ltd. They significantly increased their holdings by 106.1% in the first quarter of this year, acquiring an extra 8,956 shares and bringing their total investment to approximately $696,000.
Algert Global LLC also jumped on board by raising its position by a staggering 82.9% during the fourth quarter of last year. The company now holds an impressive number of 151,898 shares worth $6,275,000.
Furthermore, Concentric Capital Strategies LP recently joined the ranks as well by entering into a new position with YETI towards the end of last year. Their investment is estimated to be around $1,128,000.
These moves made by prominent investors undoubtedly catch one’s attention and bring forth questions about the future prospects for YETI Holdings Inc.
The stock opened at $46.65 on Monday and has been showing positive performance despite fluctuations in market conditions lately. With regards to financial stability, YETI boasts a debt-to-equity ratio of 0.14 – indicating sound fiscal management. Additionally, it has a quick ratio of 1.16 and a current ratio of 2.09 which signifies strong liquidity levels – crucial for any successful enterprise.
YETI Holdings Inc.’s stock price movements are monitored closely through various technical indicators. Its 50-day simple moving average stands at $41.21, while the two-hundred day simple moving average is slightly higher at $39.89. These figures provide traders and investors with insights into short- and long-term trends.
In terms of market capitalization, YETI Holdings Inc. currently stands at an impressive $4.05 billion. When it comes to valuation, the stock has a price-to-earnings (PE) ratio of 61.38, suggesting that investors are willing to pay a premium for each dollar of earnings generated by the company. The price/earnings growth (PEG) ratio, which takes into account expected future earnings growth, stands at 2.39 – another positive sign for potential investors.
This market analysis clearly showcases the strength and attractiveness of YETI Holdings Inc., despite some fluctuations in its stock prices over the past year. It is important for interested parties to remain informed about similar investments made by other hedge funds specializing in this sector.
For detailed information on the holdings and trading activities of various hedge funds related to YETI Holdings Inc., one can visit HoldingsChannel.com. Their latest 13F filings and insider trade reports can provide further insight into the performance and investment strategies surrounding this particular stock.
To gain a more comprehensive understanding of YETI’s potential as an investment opportunity, readers are encouraged to explore our latest analysis on this company. Such research will allow individuals to make well-informed decisions based on reliable data regarding YETI Holdings Inc.’s design, marketing, retailing, and distribution efforts in the outdoor and recreation market under its eponymous brand.
The company offers an extensive range of products including hard and soft coolers, cargo bags, outdoor living accessories, drinkware such as colsters and tumblers under their Rambler brand label – all aimed at catering to customers seeking durable and high-quality equipment for their outdoor experiences.
As YETI Holdings Inc. continues to expand and diversify its product offerings, it will be interesting to follow its journey in the outdoor market. With the support of influential investors and an ever-growing customer base, the company is well-positioned to further solidify its market presence and continue generating profits for shareholders.
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