17,517 Shares in YETI Holdings, Inc. (NYSE:YETI) Purchased by Andrew Hill Investment Advisors Inc.

Andrew Hill Investment Advisors Inc. acquired a new stake in YETI Holdings, Inc. (NYSE:YETI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,517 shares of the company’s stock, valued at approximately $675,000.

A number of other institutional investors and hedge funds have also made changes to their positions in YETI. Norges Bank purchased a new stake in shares of YETI during the 4th quarter worth about $36,778,000. Wellington Management Group LLP increased its stake in shares of YETI by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company’s stock worth $137,114,000 after purchasing an additional 489,063 shares during the last quarter. Clearbridge Investments LLC bought a new position in YETI in the 4th quarter worth $10,767,000. Loomis Sayles & Co. L P bought a new position in YETI during the fourth quarter valued at about $9,060,000. Finally, Swedbank AB bought a new position in YETI during the fourth quarter worth about $7,702,000.

YETI Stock Performance

NYSE:YETI opened at $30.95 on Thursday. The company has a fifty day moving average of $34.59 and a two-hundred day moving average of $37.64. YETI Holdings, Inc. has a fifty-two week low of $26.66 and a fifty-two week high of $45.25. The stock has a market capitalization of $2.56 billion, a PE ratio of 15.02, a P/E/G ratio of 1.05 and a beta of 2.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18.

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

Wall Street Analysts Forecast Growth

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

About YETI

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.