Twinbeech Capital LP Grows Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Twinbeech Capital LP raised its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 25.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,733 shares of the company's stock after purchasing an additional 38,331 shares during the quarter. Twinbeech Capital LP owned 0.22% of YETI worth $7,268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of YETI. Gates Capital Management Inc. bought a new position in shares of YETI in the fourth quarter worth $135,356,000. Brown Advisory Inc. bought a new position in shares of YETI in the fourth quarter worth $40,496,000. Norges Bank bought a new position in shares of YETI in the fourth quarter worth $36,778,000. Nomura Holdings Inc. boosted its holdings in shares of YETI by 595.8% in the fourth quarter. Nomura Holdings Inc. now owns 595,154 shares of the company's stock worth $22,919,000 after acquiring an additional 509,616 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of YETI by 15.9% in the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock worth $137,114,000 after acquiring an additional 489,063 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on YETI. Canaccord Genuity Group cut their price target on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a report on Friday, February 14th. Morgan Stanley increased their price objective on YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Piper Sandler lowered their price objective on YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Raymond James lowered their price objective on YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, Robert W. Baird lowered their price objective on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $39.40.

YETI Price Performance

NYSE YETI traded down $0.61 during trading hours on Friday, reaching $29.52. 1,642,752 shares of the stock traded hands, compared to its average volume of 1,758,221. The stock has a 50 day simple moving average of $30.29 and a two-hundred day simple moving average of $35.51. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $351.13 million for the quarter, compared to the consensus estimate of $347.72 million. During the same quarter last year, the business posted $0.34 earnings per share. The company's revenue for the quarter was up 2.8% on a year-over-year basis. On average, 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.