Allspring Global Investments Holdings LLC Buys 554 Shares of YETI Holdings, Inc. (NYSE:YETI)

Allspring Global Investments Holdings LLC increased its stake in YETI Holdings, Inc. (NYSE:YETI) by 1.5% in the 4th quarter, Holdings Channel reports. The firm owned 36,630 shares of the company’s stock after purchasing an additional 554 shares during the period. Allspring Global Investments Holdings LLC’s holdings in YETI were worth $1,897,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of YETI by 67.0% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock worth $45,000 after buying an additional 300 shares during the last quarter. First Manhattan Co. bought a new position in YETI in the 4th quarter worth $50,000. State of Wyoming lifted its position in YETI by 37.2% during the 4th quarter. State of Wyoming now owns 1,255 shares of the company’s stock worth $52,000 after acquiring an additional 340 shares during the last quarter. Lazard Asset Management LLC bought a new stake in YETI during the second quarter valued at about $65,000. Finally, First Manhattan CO. LLC. grew its position in shares of YETI by 47.1% in the first quarter. First Manhattan CO. LLC. now owns 1,775 shares of the company’s stock valued at $71,000 after purchasing an additional 568 shares during the last quarter.

YETI Price Performance

Shares of YETI stock opened at $37.29 on Monday. The firm has a market cap of $3.18 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 1.46 and a beta of 2.29. The firm’s 50-day simple moving average is $39.03 and its 200-day simple moving average is $42.79. YETI Holdings, Inc. has a twelve month low of $34.70 and a twelve month high of $54.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30.

YETI (NYSE:YETI) last issued its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The company had revenue of $519.79 million during the quarter, compared to analyst estimates of $535.99 million. YETI had a return on equity of 27.99% and a net margin of 10.24%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. As a group, research analysts expect that YETI Holdings, Inc. will post 2.27 EPS for the current fiscal year.

Analyst Ratings Changes

YETI has been the subject of several research analyst reports. KeyCorp boosted their price objective on YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research report on Friday, January 12th. B. Riley reissued a “neutral” rating and issued a $42.00 price objective on shares of YETI in a research report on Friday, February 16th. Canaccord Genuity Group dropped their target price on shares of YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Canaccord Genuity Group downgraded shares of YETI from a “buy” rating to a “hold” rating and increased their price target for the company from $49.00 to $50.00 in a report on Thursday, January 4th. Finally, Stifel Nicolaus dropped their price objective on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $48.29.

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.