Cwm LLC Purchases 2,944 Shares of YETI Holdings, Inc. (NYSE:YETI)

Cwm LLC raised its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 135.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,125 shares of the company’s stock after acquiring an additional 2,944 shares during the period. Cwm LLC’s holdings in YETI were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in shares of YETI during the 1st quarter worth about $27,000. Versant Capital Management Inc lifted its holdings in shares of YETI by 571.8% during the second 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 bought a new stake in shares of YETI in the first quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of YETI in the second quarter worth $42,000. Finally, GAMMA Investing LLC increased its position in YETI by 52.9% during the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after acquiring an additional 423 shares during the period.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 price target on shares of YETI in a report on Monday, September 30th. B. Riley increased their target price on shares of YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Bank of America upgraded YETI from a “neutral” rating to a “buy” rating and boosted their price target for the company from $46.00 to $55.00 in a research note on Thursday, August 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price target on shares of YETI in a report on Tuesday, July 30th. Finally, Roth Mkm lifted their price objective on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, YETI currently has an average rating of “Hold” and a consensus price target of $46.77.

YETI Stock Down 1.5 %

Shares of NYSE:YETI opened at $36.58 on Wednesday. The company’s fifty day moving average is $39.93 and its 200-day moving average is $39.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29. YETI Holdings, Inc. has a 52 week low of $33.88 and a 52 week high of $54.15. The company has a market capitalization of $3.12 billion, a PE ratio of 18.08, a P/E/G ratio of 1.11 and a beta of 2.11.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.06. The company had revenue of $463.50 million during the quarter, compared to analyst estimates of $452.42 million. YETI had a net margin of 10.66% and a return on equity of 28.83%. The company’s revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. Equities research analysts predict that YETI Holdings, Inc. will post 2.35 earnings per share for the current fiscal year.

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.