Olympiad Research LP Buys Shares of 9,121 YETI Holdings, Inc. (NYSE:YETI)

Olympiad Research LP bought a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,121 shares of the company’s stock, valued at approximately $351,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. WCM Investment Management LLC lifted its stake in shares of YETI by 655.4% in the 3rd quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock worth $20,701,000 after acquiring an additional 441,516 shares during the period. Swedbank AB acquired a new stake in shares of YETI in the 4th quarter worth approximately $7,702,000. Retirement Systems of Alabama lifted its stake in shares of YETI by 190.3% in the 4th quarter. Retirement Systems of Alabama now owns 298,526 shares of the company’s stock worth $11,496,000 after acquiring an additional 195,693 shares during the period. Congress Asset Management Co. lifted its stake in shares of YETI by 18.3% in the 3rd quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock worth $43,929,000 after acquiring an additional 165,458 shares during the period. Finally, Verition Fund Management LLC lifted its stake in shares of YETI by 855.1% in the 3rd quarter. Verition Fund Management LLC now owns 183,630 shares of the company’s stock worth $7,534,000 after acquiring an additional 164,404 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America lowered shares of YETI from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. TD Cowen reduced their price target on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Stifel Nicolaus reduced their price target on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Canaccord Genuity Group dropped their target price on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.77.

YETI Stock Down 0.2 %

YETI stock opened at $36.83 on Friday. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $45.25. The company’s 50 day simple moving average is $38.11 and its 200-day simple moving average is $39.13. 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 firm has a market capitalization of $3.12 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.05 and a beta of 2.13.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The firm had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. As a group, equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

YETI Company 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.