MML Investors Services LLC Purchases 32,746 Shares of YETI Holdings, Inc. (NYSE:YETI)

MML Investors Services LLC increased its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 399.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,946 shares of the company’s stock after buying an additional 32,746 shares during the period. MML Investors Services LLC’s holdings in YETI were worth $1,577,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI in the third quarter valued at about $38,000. Cim Investment Management Inc. acquired a new stake in YETI in the 3rd quarter valued at approximately $203,000. Franklin Resources Inc. bought a new position in YETI in the 3rd quarter worth approximately $626,000. Lord Abbett & CO. LLC lifted its holdings in shares of YETI by 7.0% during the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock worth $33,242,000 after buying an additional 53,023 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position 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 acquiring an additional 62,619 shares during the period.

YETI Price Performance

NYSE:YETI opened at $28.70 on Wednesday. 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 firm has a market cap of $2.38 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The company’s 50-day moving average price is $32.10 and its two-hundred day moving average price is $36.42.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $554.08 million. On average, equities analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on YETI. The Goldman Sachs Group dropped their target price on shares of YETI from $41.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Canaccord Genuity Group cut their price objective on shares of 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 decreased 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. KeyCorp raised YETI from an “underweight” rating to a “sector weight” rating in a report on Thursday, April 17th. Finally, UBS Group decreased their price objective on YETI from $43.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $42.20.

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.