Gladius Capital Management LP Acquires New Position in YETI Holdings, Inc. (NYSE:YETI)

Gladius Capital Management LP acquired a new stake in YETI Holdings, Inc. (NYSE:YETIGet Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,788 shares of the company’s stock, valued at approximately $231,000.

A number of other institutional investors have also recently made changes to their positions in YETI. First Trust Advisors LP bought a new stake in YETI in the first quarter valued at about $2,135,000. Morgan Stanley grew its holdings in shares of YETI by 17.5% during the second quarter. Morgan Stanley now owns 888,163 shares of the company’s stock valued at $81,551,000 after purchasing an additional 132,276 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of YETI by 29.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,708 shares of the company’s stock valued at $1,517,000 after purchasing an additional 4,075 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of YETI by 3.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 29,519 shares of the company’s stock valued at $2,529,000 after purchasing an additional 991 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of YETI by 59.3% during the third quarter. Van ECK Associates Corp now owns 1,682 shares of the company’s stock valued at $144,000 after purchasing an additional 626 shares during the last quarter. 97.62% of the stock is owned by hedge funds and other institutional investors.

NYSE:YETI traded down $2.42 during trading hours on Friday, reaching $48.87. The company’s stock had a trading volume of 1,281,855 shares, compared to its average volume of 1,267,302. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.17 and a beta of 2.59. YETI Holdings, Inc. has a one year low of $48.70 and a one year high of $108.82. The business’s 50-day moving average is $57.61 and its 200-day moving average is $73.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.91 and a quick ratio of 1.12.

YETI (NYSE:YETIGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.03. YETI had a net margin of 15.07% and a return on equity of 52.00%. The firm had revenue of $443.13 million during the quarter, compared to analysts’ expectations of $441.94 million. During the same period in the prior year, the company posted $0.72 earnings per share. YETI’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, sell-side analysts predict that YETI Holdings, Inc. will post 2.68 EPS for the current fiscal year.

Several research firms have recently commented on YETI. Berenberg Bank raised YETI from a “hold” rating to a “buy” rating and lowered their target price for the company from $103.00 to $92.00 in a report on Thursday, April 7th. Piper Sandler reduced their price objective on YETI from $124.00 to $89.00 in a research report on Wednesday, February 16th. Jefferies Financial Group reduced their price objective on YETI from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 18th. Robert W. Baird reduced their price objective on YETI from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, February 18th. Finally, Raymond James reduced their price objective on YETI from $111.00 to $86.00 and set an “outperform” rating for the company in a research report on Friday, February 18th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $100.11.

YETI Profile (Get Rating)

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.

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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