Algert Global LLC Acquires 17,441 Shares of YETI Holdings, Inc. (NYSE:YETI)

Algert Global LLC grew its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 36.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,991 shares of the company's stock after purchasing an additional 17,441 shares during the period. Algert Global LLC owned approximately 0.08% of YETI worth $2,503,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new position in YETI during the 4th quarter worth approximately $36,778,000. Wellington Management Group LLP lifted its holdings in shares of YETI by 15.9% in 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 in the last quarter. Clearbridge Investments LLC acquired a new stake in YETI in the 4th quarter valued at $10,767,000. Loomis Sayles & Co. L P acquired a new stake in YETI in the 4th quarter valued at $9,060,000. Finally, Northern Trust Corp raised its holdings in YETI by 25.0% during the fourth quarter. Northern Trust Corp now owns 1,003,652 shares of the company's stock worth $38,651,000 after buying an additional 200,443 shares during the last quarter.

YETI Stock Performance

Shares of NYSE:YETI traded down $1.47 during midday trading on Friday, reaching $28.14. 3,686,791 shares of the company traded hands, compared to its average volume of 1,692,547. The firm's fifty day moving average price is $30.85 and its two-hundred day moving average price is $35.84. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. 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 12 month low of $26.61 and a 12 month high of $45.25.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. YETI had a return on equity of 28.23% and a net margin of 9.60%. The company had revenue of $351.13 million during the quarter, compared to analyst estimates of $347.72 million. During the same quarter last year, the company earned $0.34 earnings per share. The firm's quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analyst Ratings Changes

YETI has been the subject of a number of analyst reports. KeyCorp upgraded shares of YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Raymond James decreased their price objective on YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a report on Friday. The Goldman Sachs Group dropped their target price on YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Canaccord Genuity Group lowered their price target on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $55.00 price objective on shares of YETI in a report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $39.40.

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.