963,334 Shares in YETI Holdings, Inc. (NYSE:YETI) Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 963,334 shares of the company’s stock, valued at approximately $37,098,000. Westwood Holdings Group Inc. owned approximately 1.14% of YETI as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Twinbeech Capital LP raised its holdings in YETI by 25.5% during the fourth quarter. Twinbeech Capital LP now owns 188,733 shares of the company’s stock worth $7,268,000 after buying an additional 38,331 shares during the last quarter. Two Sigma Investments LP acquired a new position in YETI during the fourth quarter worth $428,000. Tidal Investments LLC raised its holdings in YETI by 58.6% during the fourth quarter. Tidal Investments LLC now owns 27,845 shares of the company’s stock worth $1,072,000 after buying an additional 10,287 shares during the last quarter. Tenzing Global Management LLC raised its holdings in YETI by 56.0% during the fourth quarter. Tenzing Global Management LLC now owns 195,000 shares of the company’s stock worth $7,509,000 after buying an additional 70,000 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new position in YETI during the fourth quarter worth $782,000.

YETI Stock Performance

Shares of YETI stock opened at $31.56 on Tuesday. The firm has a 50-day moving average of $30.52 and a 200-day moving average of $35.68. The company has a market cap of $2.61 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.05 and a beta of 1.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $351.13 million during the quarter, compared to the consensus estimate of $347.72 million. During the same quarter last year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on YETI. UBS Group lowered their price objective on shares of YETI from $43.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. KeyCorp upgraded shares of YETI from an “underweight” rating to a “sector weight” rating in a report on Thursday, April 17th. Morgan Stanley upped their price objective on shares of YETI from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. 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 report on Friday, April 11th. Finally, Jefferies Financial Group restated a “buy” rating and set a $55.00 price objective on shares of YETI in a report on Monday, May 5th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.40.

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.