Twinbeech Capital LP Boosts Stake in YETI Holdings, Inc. (NYSE:YETI)

Twinbeech Capital LP raised its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 25.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its position in YETI by 0.9% in the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock valued at $212,924,000 after purchasing an additional 51,443 shares during the period. Wellington Management Group LLP raised its holdings in shares of YETI by 15.9% in the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock valued at $137,114,000 after buying an additional 489,063 shares during the period. Gates Capital Management Inc. purchased a new stake in shares of YETI in the 4th quarter valued at $135,356,000. Dimensional Fund Advisors LP raised its holdings in shares of YETI by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock valued at $57,812,000 after buying an additional 22,123 shares during the period. Finally, Congress Asset Management Co. raised its holdings in shares of YETI by 5.6% in the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company's stock valued at $43,557,000 after buying an additional 60,407 shares during the period.

YETI Stock Down 1.8%

YETI stock opened at $31.56 on Tuesday. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The company has a market capitalization of $2.61 billion, a P/E ratio of 15.32, a PEG ratio of 1.05 and a beta of 1.91. The stock has a 50-day simple moving average of $30.52 and a 200-day simple moving average of $35.68.

YETI (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $347.72 million. During the same period in the previous year, the business earned $0.34 EPS. The business's quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analyst Ratings Changes

YETI has been the topic of several research analyst reports. The Goldman Sachs Group cut their price objective on YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Canaccord Genuity Group cut their price objective on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Morgan Stanley boosted their price objective on YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Robert W. Baird lowered their target price on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Raymond James lowered their target price on YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, YETI currently has a consensus rating of "Hold" and an average price target of $39.40.

YETI 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.

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