Sumitomo Mitsui DS Asset Management Company Ltd Has $583,000 Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 81.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,627 shares of the company's stock after selling 77,876 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in YETI were worth $583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in YETI in the fourth quarter worth approximately $44,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of YETI in the 4th quarter valued at approximately $45,000. GeoWealth Management LLC acquired a new stake in YETI in the 4th quarter worth approximately $48,000. Jones Financial Companies Lllp boosted its position in YETI by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after purchasing an additional 280 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of YETI in the fourth quarter valued at approximately $70,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on YETI. KeyCorp upgraded shares of YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. UBS Group cut their price objective on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group lowered their target price on YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird cut their price target on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Stifel Nicolaus reduced their price objective on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, YETI presently has an average rating of "Hold" and a consensus price target of $39.40.

YETI Price Performance

Shares of YETI traded down $0.55 during mid-day trading on Monday, reaching $32.20. The company had a trading volume of 2,055,642 shares, compared to its average volume of 1,831,533. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.58 and a quick ratio of 1.47. The company has a market capitalization of $2.67 billion, a P/E ratio of 15.48, a P/E/G ratio of 2.82 and a beta of 1.85. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company's 50-day moving average is $30.50 and its 200-day moving average is $33.39.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. YETI had a return on equity of 26.48% and a net margin of 9.59%. The firm had revenue of $351.13 million during the quarter, compared to analyst estimates of $347.72 million. During the same period in the prior year, the company posted $0.34 earnings per share. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current 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.