YETI Holdings, Inc. (NYSE:YETI) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,397 shares of the company’s stock after buying an additional 1,625 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of YETI worth $2,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of YETI by 16.7% in the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after buying an additional 62,619 shares during the last quarter. Algert Global LLC boosted its stake in shares of YETI by 443.0% in the third quarter. Algert Global LLC now owns 47,550 shares of the company’s stock worth $1,951,000 after buying an additional 38,793 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of YETI by 26,657.7% in the third quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock worth $1,790,000 after buying an additional 43,452 shares during the last quarter. Qsemble Capital Management LP boosted its stake in shares of YETI by 320.3% in the third quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock worth $1,090,000 after buying an additional 20,253 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in YETI in the 3rd quarter worth about $1,415,000.

YETI Stock Down 0.2 %

Shares of NYSE YETI opened at $36.83 on Friday. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $45.25. The company has a market cap of $3.12 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.05 and a beta of 2.13. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $38.11 and a 200 day moving average price of $39.13.

YETI (NYSE:YETI) last announced its earnings results 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). The business had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. Research analysts anticipate that YETI Holdings, Inc. will post 2.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group reduced their target price on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. TD Cowen cut their price target on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. Morgan Stanley lowered their price objective on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Piper Sandler reiterated an “overweight” rating and issued a $54.00 price objective (down from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, KeyCorp lowered their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.77.

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.