Cubist Systematic Strategies LLC Has $7.24 Million Position in YETI Holdings, Inc. (NYSE:YETI)

Cubist Systematic Strategies LLC lowered its holdings in YETI Holdings, Inc. (NYSE:YETI) by 17.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,275 shares of the company’s stock after selling 21,899 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in YETI were worth $7,241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of YETI. Signaturefd LLC boosted its holdings in YETI by 600.0% during the 1st quarter. Signaturefd LLC now owns 350 shares of the company’s stock worth $25,000 after acquiring an additional 300 shares during the last quarter. IndexIQ Advisors LLC purchased a new position in YETI during the 1st quarter worth $32,000. International Assets Investment Management LLC purchased a new position in YETI during the 1st quarter worth $33,000. Vantage Consulting Group Inc purchased a new position in YETI during the 4th quarter worth $40,000. Finally, Harbor Investment Advisory LLC boosted its holdings in YETI by 40.3% during the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the company’s stock worth $48,000 after acquiring an additional 189 shares during the last quarter. 94.50% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Kirk A. Zambetti sold 3,000 shares of the company’s stock in a transaction dated Monday, May 24th. The stock was sold at an average price of $90.00, for a total transaction of $270,000.00. Following the sale, the senior vice president now directly owns 31,007 shares in the company, valued at $2,790,630. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Hollie Sammons Castro sold 25,350 shares of the company’s stock in a transaction dated Monday, May 17th. The shares were sold at an average price of $85.46, for a total value of $2,166,411.00. Following the sale, the senior vice president now owns 36,379 shares in the company, valued at $3,108,949.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,577 shares of company stock worth $18,314,362. Company insiders own 3.10% of the company’s stock.

Shares of YETI stock opened at $92.84 on Thursday. YETI Holdings, Inc. has a 52-week low of $43.09 and a 52-week high of $96.62. The firm has a 50-day moving average price of $89.84. The company has a market cap of $8.10 billion, a PE ratio of 45.96, a P/E/G ratio of 2.34 and a beta of 2.63. The company has a quick ratio of 1.11, a current ratio of 1.84 and a debt-to-equity ratio of 0.33.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, May 13th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.17. YETI had a return on equity of 71.70% and a net margin of 15.27%. The business had revenue of $247.60 million for the quarter, compared to analysts’ expectations of $218.11 million. During the same period in the previous year, the business posted $0.11 EPS. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. Research analysts predict that YETI Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on YETI shares. Bank of America lifted their price objective on shares of YETI from $88.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, May 14th. Jefferies Financial Group lifted their price objective on shares of YETI from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, May 4th. Raymond James lifted their price objective on shares of YETI from $83.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, May 14th. KeyCorp lifted their target price on YETI from $80.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, May 14th. Finally, UBS Group initiated coverage on YETI in a research note on Wednesday, June 23rd. They set a “neutral” rating and a $95.00 target price on the stock. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $94.10.

YETI Company Profile

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, tumblers, mugs, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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