Pinebridge Investments L.P. Makes New $487,000 Investment in YETI Holdings, Inc. (NYSE:YETI)

Pinebridge Investments L.P. purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETIFree Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 9,411 shares of the company’s stock, valued at approximately $487,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of YETI by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,268,521 shares of the company’s stock worth $65,687,000 after purchasing an additional 103,732 shares in the last quarter. Gotham Asset Management LLC boosted its position in shares of YETI by 41.4% during the 3rd quarter. Gotham Asset Management LLC now owns 122,399 shares of the company’s stock worth $5,902,000 after purchasing an additional 35,822 shares in the last quarter. AIA Group Ltd bought a new position in shares of YETI during the 4th quarter worth about $2,397,000. Trexquant Investment LP bought a new position in shares of YETI during the 4th quarter worth about $8,484,000. Finally, Victory Capital Management Inc. boosted its position in shares of YETI by 31.5% during the 4th quarter. Victory Capital Management Inc. now owns 783,334 shares of the company’s stock worth $40,561,000 after purchasing an additional 187,720 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on YETI shares. Raymond James increased their price objective on shares of YETI from $48.00 to $49.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Canaccord Genuity Group raised their price target on shares of YETI from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Morgan Stanley raised their price target on shares of YETI from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Stifel Nicolaus dropped their price target on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Finally, B. Riley dropped their price target on shares of YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $46.80.

Get Our Latest Stock Analysis on YETI

YETI Stock Down 1.6 %

YETI opened at $43.03 on Monday. The company has a fifty day moving average price of $38.41 and a 200-day moving average price of $42.06. The firm has a market capitalization of $3.67 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.30 and a beta of 2.19. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.35 and a quick ratio of 1.14. YETI Holdings, Inc. has a one year low of $33.88 and a one year high of $54.15.

YETI (NYSE:YETIGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The firm had revenue of $341.39 million during the quarter, compared to analyst estimates of $333.79 million. YETI had a net margin of 10.32% and a return on equity of 28.81%. Equities research analysts expect that YETI Holdings, Inc. will post 2.35 earnings per share for the current fiscal year.

YETI Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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