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

Leeward Investments LLC MA lowered its stake in YETI Holdings, Inc. (NYSE:YETI) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,148 shares of the company’s stock after selling 984 shares during the period. Leeward Investments LLC MA’s holdings in YETI were worth $6,377,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Baillie Gifford & Co. increased its holdings in YETI by 53.0% during the 4th quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock valued at $487,583,000 after purchasing an additional 3,260,704 shares during the period. Bank of New York Mellon Corp increased its holdings in YETI by 144.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,611 shares of the company’s stock valued at $89,863,000 after purchasing an additional 1,099,929 shares during the period. Lord Abbett & CO. LLC increased its holdings in YETI by 97.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,517,821 shares of the company’s stock valued at $73,189,000 after purchasing an additional 748,671 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in YETI by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 894,256 shares of the company’s stock valued at $43,121,000 after purchasing an additional 72,283 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in YETI by 7.5% during the 3rd quarter. Principal Financial Group Inc. now owns 762,993 shares of the company’s stock valued at $36,792,000 after purchasing an additional 53,350 shares during the period.

Analyst Upgrades and Downgrades

YETI has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their target price on YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Raymond James reduced their target price on YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Canaccord Genuity Group reduced their target price on YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, April 5th. B. Riley reduced their target price on YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Canaccord Genuity Group downgraded YETI from a “buy” rating to a “hold” rating and upped their target price for the stock from $49.00 to $50.00 in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $48.00.

YETI Stock Up 1.6 %

YETI stock traded up $0.57 during midday trading on Friday, hitting $36.15. The company’s stock had a trading volume of 1,790,131 shares, compared to its average volume of 1,606,774. The company has a market cap of $3.08 billion, a PE ratio of 18.54, a P/E/G ratio of 1.40 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 current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average is $38.19 and its 200-day moving average is $42.64.

YETI (NYSE:YETI) last released its quarterly earnings results 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). The firm had revenue of $519.79 million for the quarter, compared to the consensus estimate of $535.99 million. YETI had a net margin of 10.24% and a return on equity of 27.99%. YETI’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. On average, equities research analysts forecast that YETI Holdings, Inc. will post 2.27 earnings per share 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.