Sumitomo Mitsui DS Asset Management Company Ltd Buys 3,559 Shares of YETI Holdings, Inc. (NYSE:YETI)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in YETI Holdings, Inc. (NYSE:YETI) by 3.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 96,178 shares of the company’s stock after purchasing an additional 3,559 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in YETI were worth $3,946,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. nVerses Capital LLC grew its holdings in shares of YETI by 61.8% during the third quarter. nVerses Capital LLC now owns 5,500 shares of the company’s stock valued at $226,000 after buying an additional 2,100 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in YETI by 48.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock valued at $63,000 after acquiring an additional 500 shares in the last quarter. CWM LLC boosted its stake in YETI by 135.0% during the 3rd quarter. CWM LLC now owns 5,125 shares of the company’s stock valued at $210,000 after purchasing an additional 2,944 shares during the last quarter. Green Alpha Advisors LLC increased its holdings in shares of YETI by 6.9% in the 3rd quarter. Green Alpha Advisors LLC now owns 11,918 shares of the company’s stock worth $489,000 after purchasing an additional 773 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of YETI by 52.9% in the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after purchasing an additional 423 shares during the last quarter.

YETI Stock Performance

Shares of YETI opened at $38.43 on Monday. The business has a 50-day simple moving average of $39.98 and a two-hundred day simple moving average of $39.27. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a 52 week low of $33.88 and a 52 week high of $54.15. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.11 and a beta of 2.11.

YETI (NYSE:YETI) last released its earnings results on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.06. YETI had a net margin of 10.66% and a return on equity of 28.83%. The company had revenue of $463.50 million during the quarter, compared to analyst estimates of $452.42 million. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, analysts expect that YETI Holdings, Inc. will post 2.35 EPS for the current year.

Wall Street Analysts Forecast Growth

YETI has been the subject of several research analyst reports. TD Cowen lifted their price objective on YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Jefferies Financial Group lifted their price target on shares of YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. B. Riley increased their price objective on shares of YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $44.00 target price on shares of YETI in a research report on Monday, September 30th. Finally, Bank of America upgraded YETI from a “neutral” rating to a “buy” rating and raised their price target for the stock from $46.00 to $55.00 in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, YETI has a consensus rating of “Hold” and a consensus target price of $46.77.

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.