International Assets Investment Management LLC Purchases 7,477 Shares of YETI Holdings, Inc. (NYSE:YETI)

International Assets Investment Management LLC lifted its position in YETI Holdings, Inc. (NYSE:YETI) by 776.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,440 shares of the company’s stock after acquiring an additional 7,477 shares during the quarter. International Assets Investment Management LLC’s holdings in YETI were worth $437,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its position in YETI by 42.9% during the third quarter. CWM LLC now owns 2,183 shares of the company’s stock valued at $105,000 after buying an additional 655 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in YETI during the third quarter valued at about $121,000. Shelton Capital Management bought a new position in YETI during the third quarter valued at about $200,000. Duality Advisers LP bought a new position in YETI during the third quarter valued at about $206,000. Finally, Pegasus Partners Ltd. bought a new position in YETI during the third quarter valued at about $207,000.

YETI Stock Down 0.3 %

Shares of NYSE YETI opened at $35.58 on Friday. YETI Holdings, Inc. has a one year low of $34.70 and a one year high of $54.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.45. The firm’s 50 day simple moving average is $38.30 and its two-hundred day simple moving average is $42.69. The stock has a market capitalization of $3.03 billion, a P/E ratio of 18.25, a PEG ratio of 1.42 and a beta of 2.29.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Canaccord Genuity Group dropped their price objective on shares of YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Stifel Nicolaus dropped their price objective on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Raymond James dropped their price objective on shares of 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 downgraded shares of YETI from a “buy” rating to a “hold” rating and upped their price objective for the company from $49.00 to $50.00 in a report on Thursday, January 4th. Finally, KeyCorp increased their price target on shares of YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.00.

YETI Company 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.