Nomura Holdings Inc. Raises Stake in YETI Holdings, Inc. (NYSE:YETI)

Nomura Holdings Inc. raised its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 595.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 595,154 shares of the company's stock after acquiring an additional 509,616 shares during the period. Nomura Holdings Inc. owned about 0.70% of YETI worth $22,919,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of YETI. Nuveen Asset Management LLC increased its position in shares of YETI by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 1,108,913 shares of the company's stock valued at $42,704,000 after purchasing an additional 10,673 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of YETI by 204.9% during the 4th quarter. Janus Henderson Group PLC now owns 240,275 shares of the company's stock valued at $9,253,000 after purchasing an additional 161,467 shares during the last quarter. Gates Capital Management Inc. purchased a new stake in shares of YETI during the 4th quarter valued at $135,356,000. Gotham Asset Management LLC purchased a new stake in shares of YETI during the 4th quarter valued at $2,900,000. Finally, Focus Partners Wealth increased its position in shares of YETI by 45.6% during the 4th quarter. Focus Partners Wealth now owns 31,323 shares of the company's stock valued at $1,206,000 after purchasing an additional 9,815 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on YETI. Jefferies Financial Group reissued a "buy" rating and issued a $55.00 price objective on shares of YETI in a report on Monday, May 5th. Canaccord Genuity Group decreased their price objective on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird decreased their price objective on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $39.40.

YETI Price Performance

Shares of YETI traded down $0.02 during trading hours on Friday, reaching $32.14. 2,708,517 shares of the company's stock traded hands, compared to its average volume of 1,731,915. The stock has a market cap of $2.66 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. 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 firm's 50 day simple moving average is $30.56 and its 200-day simple moving average is $35.70. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25.

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