YETI Holdings, Inc. (NYSE:YETI) Stock Holdings Raised by Cwm LLC

CWM LLC grew its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 1,723.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,847 shares of the company's stock after purchasing an additional 41,443 shares during the quarter. CWM LLC owned approximately 0.05% of YETI worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wasatch Advisors LP lifted its stake in YETI by 0.9% during the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock worth $212,924,000 after purchasing an additional 51,443 shares during the last quarter. Wellington Management Group LLP increased its position in YETI by 15.9% in the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock worth $137,114,000 after buying an additional 489,063 shares during the period. Gates Capital Management Inc. acquired a new stake in YETI in the 4th quarter valued at $135,356,000. Dimensional Fund Advisors LP lifted its stake in shares of YETI by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock valued at $57,812,000 after acquiring an additional 22,123 shares during the period. Finally, Congress Asset Management Co. increased its holdings in shares of YETI by 7.7% in the first quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company's stock worth $40,315,000 after acquiring an additional 86,906 shares in the last quarter.

Analysts Set New Price Targets

YETI has been the topic of several recent research reports. Robert W. Baird cut their price objective on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group dropped their price objective on YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler decreased their price target on shares of YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Raymond James Financial reduced their price objective on YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $55.00 price objective on shares of YETI in a report on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $39.67.

YETI Trading Up 5.7%

NYSE YETI traded up $2.06 on Tuesday, hitting $37.89. The company's stock had a trading volume of 3,847,623 shares, compared to its average volume of 1,868,484. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25. The company has a current ratio of 2.58, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.14 billion, a P/E ratio of 18.21, a PEG ratio of 3.02 and a beta of 1.85. The company's 50-day simple moving average is $31.41 and its 200 day simple moving average is $32.98.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. The business had revenue of $351.13 million for the quarter, compared to analysts' expectations of $347.72 million. YETI had a return on equity of 26.48% and a net margin of 9.59%. The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. Research analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

About YETI

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.