YETI Holdings, Inc. (NYSE:YETI) Position Boosted by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. increased its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,628 shares of the company’s stock after purchasing an additional 1,885 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in YETI were worth $1,845,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in YETI in the 3rd quarter worth about $44,000. Global Wealth Management Investment Advisory Inc. increased its holdings in YETI by 67.0% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock worth $45,000 after buying an additional 300 shares during the last quarter. First Manhattan Co. bought a new position in YETI during the fourth quarter valued at approximately $50,000. State of Wyoming lifted its stake in YETI by 37.2% in the fourth quarter. State of Wyoming now owns 1,255 shares of the company’s stock valued at $52,000 after acquiring an additional 340 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in YETI in the second quarter worth approximately $65,000.

YETI Stock Down 2.3 %

YETI stock opened at $37.86 on Monday. YETI Holdings, Inc. has a twelve month low of $34.70 and a twelve month high of $54.15. The company has a market cap of $3.23 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.48 and a beta of 2.29. The business’s 50-day simple moving average is $39.71 and its 200 day simple moving average is $43.10. The company has a quick ratio of 1.45, a current ratio of 2.30 and a debt-to-equity ratio of 0.11.

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

Wall Street Analysts Forecast Growth

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