Leeward Investments LLC MA Sells 17,731 Shares of YETI Holdings, Inc. (NYSE:YETI)

Leeward Investments LLC MA lowered its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 14.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,004 shares of the company's stock after selling 17,731 shares during the period. Leeward Investments LLC MA owned approximately 0.13% of YETI worth $4,390,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Capital Research Global Investors increased its stake in YETI by 2.4% in the 1st quarter. Capital Research Global Investors now owns 10,418,410 shares of the company's stock valued at $401,630,000 after buying an additional 248,680 shares during the period. Vanguard Group Inc. boosted its holdings in shares of YETI by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company's stock valued at $318,690,000 after purchasing an additional 57,582 shares during the last quarter. American Century Companies Inc. grew its position in YETI by 311.4% during the second quarter. American Century Companies Inc. now owns 1,967,215 shares of the company's stock valued at $75,049,000 after acquiring an additional 1,488,994 shares during the period. Van Berkom & Associates Inc. increased its position in YETI by 5.8% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,918,642 shares of the company's stock worth $73,196,000 after purchasing an additional 105,859 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of YETI by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company's stock valued at $56,351,000 after acquiring an additional 179,005 shares during the period.

YETI Price Performance

Shares of YETI stock traded down $1.19 during trading hours on Friday, reaching $37.68. The company's stock had a trading volume of 1,720,756 shares, compared to its average volume of 1,611,131. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $54.15. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. The firm's 50 day simple moving average is $38.77 and its 200-day simple moving average is $39.10. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.05 and a beta of 2.12.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.06. The company had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. YETI had a return on equity of 28.83% and a net margin of 10.66%. The firm's revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. Sell-side analysts forecast that YETI Holdings, Inc. will post 2.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. TD Cowen raised their target price on YETI from $43.00 to $46.00 and gave the company a "hold" rating in a research note on Friday, August 9th. Piper Sandler reiterated an "overweight" rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a research note on Friday. B. Riley lifted their target price on YETI from $38.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, August 9th. Citigroup reduced their price target on shares of YETI from $49.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, August 5th. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and set a $44.00 target price on shares of YETI in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, YETI has an average rating of "Hold" and an average price target of $45.62.

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.