Qube Research & Technologies Ltd Boosts Holdings in YETI Holdings, Inc. (NYSE:YETI)

Qube Research & Technologies Ltd lifted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 417.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,974 shares of the company’s stock after buying an additional 21,763 shares during the period. Qube Research & Technologies Ltd’s holdings in YETI were worth $2,477,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Credit Agricole S A bought a new position in YETI in the second quarter valued at about $32,000. Exchange Traded Concepts LLC purchased a new position in YETI during the 2nd quarter valued at approximately $41,000. Optimum Investment Advisors purchased a new position in YETI during the 2nd quarter valued at approximately $46,000. Huntington National Bank grew its holdings in YETI by 186.8% during the 2nd quarter. Huntington National Bank now owns 499 shares of the company’s stock valued at $46,000 after buying an additional 325 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in YETI by 109.3% during the 2nd quarter. Jacobi Capital Management LLC now owns 628 shares of the company’s stock valued at $58,000 after buying an additional 328 shares in the last quarter. 94.29% of the stock is currently owned by institutional investors.

YETI stock opened at $85.42 on Thursday. YETI Holdings, Inc. has a 1-year low of $47.66 and a 1-year high of $105.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.85 and a quick ratio of 1.12. The stock has a market cap of $7.47 billion, a PE ratio of 37.63, a P/E/G ratio of 2.46 and a beta of 2.62. The stock’s fifty day moving average is $96.21 and its two-hundred day moving average is $90.91.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, August 5th. The company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.14. YETI had a return on equity of 66.59% and a net margin of 15.73%. The company had revenue of $357.67 million for the quarter, compared to analysts’ expectations of $330.76 million. On average, research analysts expect that YETI Holdings, Inc. will post 2.34 earnings per share for the current fiscal year.

In related news, SVP Kirk A. Zambetti sold 3,000 shares of YETI stock in a transaction that occurred on Tuesday, August 3rd. The stock was sold at an average price of $100.00, for a total transaction of $300,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew J. Reintjes sold 12,783 shares of YETI stock in a transaction that occurred on Tuesday, August 17th. The stock was sold at an average price of $101.01, for a total value of $1,291,210.83. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,783 shares of company stock worth $4,016,641. Corporate insiders own 3.10% of the company’s stock.

A number of brokerages have recently commented on YETI. Citigroup raised their price target on YETI from $106.00 to $121.00 and gave the stock a “buy” rating in a research note on Friday, August 6th. Zacks Investment Research lowered YETI from a “buy” rating to a “hold” rating in a research report on Tuesday. TheStreet upgraded YETI from a “c” rating to a “b-” rating in a research note on Tuesday, July 6th. Piper Sandler dropped their price target on YETI from $116.00 to $111.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Credit Suisse Group boosted their price objective on YETI from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, August 6th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $106.16.

YETI Company Profile

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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