Leeward Investments LLC MA Raises Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Leeward Investments LLC MA boosted its stake in YETI Holdings, Inc. (NYSE:YETI) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,735 shares of the company’s stock after buying an additional 6,605 shares during the period. Leeward Investments LLC MA owned approximately 0.15% of YETI worth $4,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its position in YETI by 776.4% in the 4th quarter. International Assets Investment Management LLC now owns 8,440 shares of the company’s stock valued at $437,000 after acquiring an additional 7,477 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in YETI by 1.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 36,630 shares of the company’s stock valued at $1,897,000 after acquiring an additional 554 shares in the last quarter. Simplicity Solutions LLC acquired a new position in YETI in the 4th quarter valued at about $238,000. Louisiana State Employees Retirement System acquired a new position in YETI in the 4th quarter valued at about $1,263,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in YETI by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,429 shares of the company’s stock valued at $1,006,000 after acquiring an additional 4,696 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on YETI shares. Morgan Stanley boosted their price objective on YETI from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. William Blair reissued an “outperform” rating on shares of YETI in a research report on Wednesday, May 1st. TD Cowen boosted their price objective on YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Roth Mkm boosted their price objective on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, Jefferies Financial Group boosted their price objective on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, YETI currently has a consensus rating of “Hold” and an average target price of $46.29.

YETI Stock Performance

Shares of YETI stock traded down $0.08 during trading hours on Monday, hitting $41.53. 31,107 shares of the company were exchanged, compared to its average volume of 1,611,984. YETI Holdings, Inc. has a 1 year low of $33.88 and a 1 year high of $54.15. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $39.56 and a 200-day moving average of $39.35. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 1.20 and a beta of 2.14.

YETI (NYSE:YETI) last released its quarterly earnings results 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 business had revenue of $463.50 million during the quarter, compared to analysts’ expectations of $452.42 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, analysts expect that YETI Holdings, Inc. will post 2.37 EPS for the current fiscal year.

About YETI

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.