Teza Capital Management LLC Invests $782,000 in YETI Holdings, Inc. (NYSE:YETI)

Teza Capital Management LLC acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,299 shares of the company’s stock, valued at approximately $782,000.

Several other large investors also recently modified their holdings of YETI. Toronto Dominion Bank increased its stake in YETI by 24.9% during the 4th quarter. Toronto Dominion Bank now owns 18,267 shares of the company’s stock valued at $703,000 after purchasing an additional 3,643 shares in the last quarter. Quantinno Capital Management LP increased its stake in YETI by 206.9% during the 4th quarter. Quantinno Capital Management LP now owns 183,539 shares of the company’s stock valued at $7,068,000 after purchasing an additional 123,728 shares in the last quarter. Nomura Holdings Inc. increased its stake in YETI by 595.8% during the 4th quarter. Nomura Holdings Inc. now owns 595,154 shares of the company’s stock valued at $22,919,000 after purchasing an additional 509,616 shares in the last quarter. Nuveen Asset Management LLC increased its stake in YETI by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 1,108,913 shares of the company’s stock valued at $42,704,000 after purchasing an additional 10,673 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in YETI by 204.9% during the 4th quarter. Janus Henderson Group PLC now owns 240,275 shares of the company’s stock valued at $9,253,000 after purchasing an additional 161,467 shares in the last quarter.

YETI Price Performance

Shares of NYSE:YETI opened at $31.56 on Tuesday. The company’s 50-day moving average is $30.52 and its 200 day moving average is $35.68. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The company has a market capitalization of $2.61 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $351.13 million for the quarter, compared to the consensus estimate of $347.72 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. On average, equities research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on YETI. Stifel Nicolaus decreased their price target on shares of YETI from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Piper Sandler decreased their price target on shares of YETI from $52.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 price objective on shares of YETI in a report on Monday, May 5th. Raymond James cut their price objective on shares of YETI from $50.00 to $34.00 and set an “outperform” rating on the stock in a report 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.40.

YETI 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.