Sumitomo Mitsui DS Asset Management Company Ltd Raises Holdings in YETI Holdings, Inc. (NYSE:YETI)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in YETI Holdings, Inc. (NYSE:YETI) by 16.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 94,535 shares of the company’s stock after acquiring an additional 13,167 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in YETI were worth $4,895,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of YETI by 27.0% during the 4th quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock valued at $90,000 after purchasing an additional 368 shares during the period. CWM LLC increased its position in shares of YETI by 42.9% during the third quarter. CWM LLC now owns 2,183 shares of the company’s stock valued at $105,000 after buying an additional 655 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of YETI in the third quarter worth about $121,000. Americana Partners LLC bought a new position in shares of YETI in the fourth quarter valued at approximately $209,000. Finally, Clear Harbor Asset Management LLC purchased a new position in YETI during the fourth quarter valued at approximately $207,000.

YETI Stock Performance

Shares of NYSE:YETI opened at $36.36 on Tuesday. The company has a current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.46 and a beta of 2.29. YETI Holdings, Inc. has a 12 month low of $34.70 and a 12 month high of $54.15. The company has a 50-day moving average price of $38.78 and a 200-day moving average price of $42.76.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The business had revenue of $519.79 million during the quarter, compared to analysts’ expectations of $535.99 million. During the same quarter last year, the business posted $0.75 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts anticipate that YETI Holdings, Inc. will post 2.27 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Canaccord Genuity Group cut shares of YETI from a “buy” rating to a “hold” rating and increased their target price for the stock from $49.00 to $50.00 in a research note on Thursday, January 4th. Canaccord Genuity Group dropped their price objective on YETI from $41.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Raymond James cut their price objective on YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, February 16th. KeyCorp raised their target price on shares of YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a research note on Friday, January 12th. Finally, B. Riley reissued a “neutral” rating and issued a $42.00 price target on shares of YETI in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $48.29.

YETI 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.