Harvest Investment Services LLC Makes New Investment in YETI Holdings, Inc. (NYSE:YETI)

Harvest Investment Services LLC acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 27,243 shares of the company’s stock, valued at approximately $1,049,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of YETI. JPMorgan Chase & Co. boosted its position in YETI by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock valued at $17,922,000 after purchasing an additional 62,619 shares during the period. Truist Financial Corp lifted its position in YETI by 304.2% in the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock valued at $1,098,000 after purchasing an additional 21,450 shares during the last quarter. Clearbridge Investments LLC acquired a new position in YETI during the 4th quarter valued at about $10,767,000. KLP Kapitalforvaltning AS acquired a new stake in shares of YETI in the fourth quarter valued at approximately $693,000. Finally, Charles Schwab Investment Management Inc. raised its stake in YETI by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock valued at $29,790,000 after acquiring an additional 39,709 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on YETI. Morgan Stanley reduced their price objective on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Robert W. Baird lowered their price objective on shares of YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Canaccord Genuity Group cut their target price on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Stifel Nicolaus lowered their price target on YETI from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Finally, UBS Group decreased their target price on YETI from $43.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.14.

YETI Stock Down 1.0 %

Shares of YETI stock opened at $27.57 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The stock has a 50-day moving average price of $33.19 and a 200 day moving average price of $36.94. The company has a market cap of $2.28 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The company had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. As a group, analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

YETI 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.