Vontobel Holding Ltd. Grows Holdings in YETI Holdings, Inc. (NYSE:YETI)

Vontobel Holding Ltd. raised its position in YETI Holdings, Inc. (NYSE:YETIGet Rating) by 45.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,722 shares of the company’s stock after buying an additional 13,296 shares during the period. Vontobel Holding Ltd.’s holdings in YETI were worth $2,713,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in YETI by 69.6% in the first quarter. CWM LLC now owns 531 shares of the company’s stock valued at $32,000 after buying an additional 218 shares in the last quarter. Signaturefd LLC increased its holdings in YETI by 61.4% in the first quarter. Signaturefd LLC now owns 581 shares of the company’s stock valued at $35,000 after buying an additional 221 shares in the last quarter. Lindenwold Advisors increased its stake in shares of YETI by 6.1% during the first quarter. Lindenwold Advisors now owns 3,816 shares of the company’s stock worth $229,000 after purchasing an additional 221 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of YETI by 79.3% during the first quarter. Fifth Third Bancorp now owns 579 shares of the company’s stock worth $35,000 after purchasing an additional 256 shares in the last quarter. Finally, CIBC World Markets Inc. increased its stake in shares of YETI by 3.6% during the fourth quarter. CIBC World Markets Inc. now owns 8,141 shares of the company’s stock worth $674,000 after purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 99.64% of the company’s stock.

YETI Stock Performance

NYSE:YETI opened at $37.62 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.83 and a quick ratio of 0.58. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.03 and a beta of 2.49. The company’s 50-day moving average is $44.28 and its two-hundred day moving average is $49.33. YETI Holdings, Inc. has a 1-year low of $34.41 and a 1-year high of $108.82.

YETI (NYSE:YETIGet Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.05). The firm had revenue of $420.04 million during the quarter, compared to analyst estimates of $422.92 million. YETI had a net margin of 13.02% and a return on equity of 43.04%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Analysts forecast that YETI Holdings, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

YETI has been the subject of a number of research reports. Cowen cut their target price on shares of YETI to $59.00 in a research note on Monday, July 25th. Piper Sandler cut their target price on shares of YETI from $89.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 5th. Robert W. Baird cut their target price on shares of YETI from $90.00 to $70.00 in a research note on Thursday, May 12th. The Goldman Sachs Group cut their target price on shares of YETI from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 21st. Finally, UBS Group boosted their target price on shares of YETI to $53.00 in a research note on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, YETI currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.25.

About YETI

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YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

Further Reading

Institutional Ownership by Quarter for YETI (NYSE:YETI)

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