7,079 Shares in YETI Holdings, Inc. (NYSE:YETI) Acquired by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,079 shares of the company’s stock, valued at approximately $273,000.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of YETI by 16.7% in the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock valued at $17,922,000 after purchasing an additional 62,619 shares during the last quarter. Truist Financial Corp increased its stake in shares of YETI by 304.2% in the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock worth $1,098,000 after acquiring an additional 21,450 shares during the last quarter. Algert Global LLC raised its holdings in shares of YETI by 443.0% during the 3rd quarter. Algert Global LLC now owns 47,550 shares of the company’s stock worth $1,951,000 after acquiring an additional 38,793 shares during the period. Qsemble Capital Management LP boosted its position in shares of YETI by 320.3% during the 3rd quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock valued at $1,090,000 after acquiring an additional 20,253 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of YETI in the third quarter valued at about $1,415,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Stifel Nicolaus decreased their target price on shares of YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Canaccord Genuity Group lowered their price objective on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Morgan Stanley reduced their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. UBS Group lowered their price target on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, KeyCorp reduced their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $44.77.

YETI Trading Down 1.1 %

NYSE YETI opened at $34.39 on Tuesday. YETI Holdings, Inc. has a 52 week low of $31.48 and a 52 week high of $45.25. The firm has a 50 day moving average of $36.31 and a two-hundred day moving average of $38.31. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $2.83 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. As a group, research analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.