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

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,178 shares of the company’s stock after acquiring an additional 3,559 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned about 0.11% of YETI worth $3,946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Crewe Advisors LLC purchased a new stake in YETI during the first quarter valued at about $27,000. Versant Capital Management Inc lifted its position in YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after buying an additional 709 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in YETI in the first quarter worth approximately $35,000. Ashton Thomas Private Wealth LLC purchased a new stake in YETI in the second quarter worth approximately $42,000. Finally, GAMMA Investing LLC grew its position in YETI by 52.9% during the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after acquiring an additional 423 shares during the last quarter.

YETI Trading Down 2.8 %

NYSE:YETI opened at $38.43 on Monday. The company has a 50-day moving average price of $39.98 and a 200-day moving average price of $39.27. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.11 and a beta of 2.11. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a 12 month low of $33.88 and a 12 month high of $54.15.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.70 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 business had revenue of $463.50 million during the quarter, compared to analyst estimates of $452.42 million. During the same period last year, the business posted $0.51 earnings per share. YETI’s quarterly revenue was up 15.1% compared to the same quarter last year. Equities analysts predict that YETI Holdings, Inc. will post 2.35 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on YETI shares. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price objective on shares of YETI in a research note on Tuesday, July 30th. 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 boosted their target price on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Canaccord Genuity Group restated a “hold” rating and set a $44.00 price target 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 boosted their price objective for the company from $46.00 to $55.00 in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.77.

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.