Jump Financial LLC Buys New Position in YETI Holdings, Inc. (NYSE:YETI)

Jump Financial LLC purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 21,624 shares of the company's stock, valued at approximately $833,000.

Several other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of YETI by 15.9% in the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock valued at $137,114,000 after acquiring an additional 489,063 shares during the period. Congress Asset Management Co. grew its position in shares of YETI by 5.6% during the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company's stock worth $43,557,000 after purchasing an additional 60,407 shares in the last quarter. Norges Bank bought a new position in shares of YETI during the fourth quarter worth approximately $36,778,000. Bank of New York Mellon Corp raised its position in shares of YETI by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company's stock valued at $31,994,000 after buying an additional 5,987 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of YETI by 7.0% in the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company's stock valued at $33,242,000 after buying an additional 53,023 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on YETI shares. UBS Group cut their target price on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Canaccord Genuity Group reduced their price objective on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. 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 report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, Robert W. Baird cut their target price on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $42.20.

YETI Trading Down 0.7 %

NYSE YETI traded down $0.20 on Friday, hitting $28.84. The company's stock had a trading volume of 1,432,102 shares, compared to its average volume of 1,682,825. The firm has a market cap of $2.39 billion, a PE ratio of 14.00, a PEG ratio of 1.05 and a beta of 2.04. The company's 50-day moving average is $32.43 and its 200 day moving average is $36.57. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25.

YETI (NYSE:YETI - Get Free Report) last announced its earnings results 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). The company had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. As a group, analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share 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.