AQR Capital Management LLC Has $6.32 Million Stake in YETI Holdings, Inc. (NYSE:YETI)

AQR Capital Management LLC increased its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,995 shares of the company's stock after acquiring an additional 32,862 shares during the quarter. AQR Capital Management LLC owned approximately 0.19% of YETI worth $6,315,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in YETI. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI in the third quarter valued at approximately $38,000. Franklin Resources Inc. acquired a new position in shares of YETI during the third quarter valued at approximately $626,000. JPMorgan Chase & Co. increased its stake in shares of YETI by 16.7% during 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. Harbor Capital Advisors Inc. increased its stake in shares of YETI by 8.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 40,092 shares of the company's stock valued at $1,544,000 after acquiring an additional 3,262 shares during the period. Finally, Green Alpha Advisors LLC increased its stake in shares of YETI by 4.6% during the fourth quarter. Green Alpha Advisors LLC now owns 12,464 shares of the company's stock valued at $480,000 after acquiring an additional 546 shares during the period.

YETI Price Performance

NYSE:YETI traded up $0.15 during trading hours on Tuesday, reaching $31.86. 660,700 shares of the company's stock were exchanged, compared to its average volume of 1,707,385. The company has a market capitalization of $2.64 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. 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 business's 50-day simple moving average is $30.80 and its two-hundred day simple moving average is $35.81.

YETI (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. YETI had a net margin of 9.60% and a return on equity of 28.23%. The firm had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. During the same period last year, the firm posted $0.34 earnings per share. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. Sell-side analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group lowered their price objective on shares of YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Jefferies Financial Group reiterated a "buy" rating and set a $55.00 price objective on shares of YETI in a research note on Monday, May 5th. Morgan Stanley raised their price objective on shares of YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday. Stifel Nicolaus lowered their price objective on shares of YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Finally, Raymond James lowered their price objective on shares of YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, YETI has an average rating of "Hold" and a consensus price target of $39.40.

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.