Skandinaviska Enskilda Banken AB publ Takes $66,000 Position in YETI Holdings, Inc. (NYSE:YETI)

Posted by on May 15th, 2023

Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of YETI Holdings, Inc. (NYSE:YETI – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,600 shares of the company’s stock, valued at approximately $66,000.

Several other large investors also recently made changes to their positions in the business. Lindbrook Capital LLC boosted its holdings in shares of YETI by 1,304.5% in the fourth quarter. Lindbrook Capital LLC now owns 618 shares of the company’s stock worth $26,000 after buying an additional 574 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its holdings 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 period. Harvest Fund Management Co. Ltd acquired a new position in shares of YETI in the fourth quarter worth about $36,000. Fifth Third Bancorp boosted its holdings in shares of YETI by 118.2% in the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $41,000 after buying an additional 539 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of YETI by 1,714.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,270 shares of the company’s stock worth $52,000 after buying an additional 1,200 shares during the period. Institutional investors own 94.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on YETI shares. Raymond James raised their target price on shares of YETI from $45.00 to $48.00 in a report on Friday. UBS Group reduced their price target on shares of YETI from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, March 2nd. Canaccord Genuity Group reduced their price target on shares of YETI from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, February 24th. KeyCorp initiated coverage on shares of YETI in a research report on Wednesday, April 19th. They issued a “sector weight” rating for the company. Finally, The Goldman Sachs Group lowered shares of YETI from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $51.00 to $43.00 in a research report on Friday, February 24th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.31.

YETI Trading Down 5.4 %

NYSE:YETI opened at $40.84 on Monday. YETI Holdings, Inc. has a 12 month low of $27.86 and a 12 month high of $55.15. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 40.04, a P/E/G ratio of 1.66 and a beta of 2.48. The company has a quick ratio of 0.85, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $39.50 and its 200-day moving average is $40.75.

YETI (NYSE:YETI – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. YETI had a net margin of 5.62% and a return on equity of 38.14%. The company had revenue of $486.41 million for the quarter, compared to analyst estimates of $491.03 million. Equities analysts anticipate that YETI Holdings, Inc. will post 2.02 EPS for the current year.

YETI Company Profile

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YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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