GAMMA Investing LLC Has $553,000 Holdings in YETI Holdings, Inc. (NYSE:YETI)

GAMMA Investing LLC boosted its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 1,410.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,304 shares of the company’s stock after buying an additional 17,092 shares during the period. GAMMA Investing LLC’s holdings in YETI were worth $553,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of YETI. Gates Capital Management Inc. acquired a new stake in YETI during the fourth quarter worth about $135,356,000. Brown Advisory Inc. acquired a new stake in YETI during the fourth quarter worth about $40,496,000. Westwood Holdings Group Inc. acquired a new stake in YETI during the fourth quarter worth about $37,098,000. Norges Bank acquired a new stake in YETI during the fourth quarter worth about $36,778,000. Finally, Nomura Holdings Inc. grew its stake in YETI by 595.8% during the fourth quarter. Nomura Holdings Inc. now owns 595,154 shares of the company’s stock worth $22,919,000 after buying an additional 509,616 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on YETI shares. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price objective on shares of YETI in a research note on Monday, May 5th. Robert W. Baird reduced their price objective on shares of YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group reduced their price objective on shares of YETI from $41.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Raymond James Financial reduced their price objective on shares of YETI from $50.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Finally, KeyCorp raised shares of 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. According to data from MarketBeat, YETI has an average rating of “Hold” and a consensus target price of $39.40.

YETI Stock Down 0.8%

YETI stock opened at $29.27 on Thursday. The firm has a 50-day moving average price of $29.80 and a 200-day moving average price of $34.46. The stock has a market capitalization of $2.42 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 2.54 and a beta of 1.88. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The company has a current ratio of 2.58, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09.

YETI (NYSE:YETI) last issued its quarterly earnings data 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 business had revenue of $351.13 million during the quarter, compared to analyst estimates of $347.72 million. YETI had a net margin of 9.59% and a return on equity of 26.48%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.34 EPS. As a group, equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal 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.