Aquatic Capital Management LLC Acquires New Position in YETI Holdings, Inc. (NYSE:YETI)

Aquatic Capital Management LLC purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,103 shares of the company's stock, valued at approximately $928,000.

Several other institutional investors and hedge funds also recently made changes to their positions in YETI. Allworth Financial LP boosted its position in shares of YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $25,000 after buying an additional 467 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in YETI in the 3rd quarter valued at approximately $38,000. Aster Capital Management DIFC Ltd acquired a new position in YETI during the 4th quarter worth approximately $44,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of YETI in the fourth quarter valued at approximately $45,000. Finally, Blue Trust Inc. lifted its position in shares of YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after purchasing an additional 333 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Robert W. Baird decreased their target price on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Morgan Stanley decreased their price objective on YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Stifel Nicolaus lowered their price target on YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Finally, Canaccord Genuity Group decreased their target price on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Ten equities 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.com, YETI has an average rating of "Hold" and a consensus target price of $42.20.

YETI Stock Performance

Shares of YETI traded up $0.49 during midday trading on Friday, reaching $28.84. 4,007,504 shares of the stock were exchanged, compared to its average volume of 1,696,440. 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 stock's 50 day simple moving average is $31.59 and its 200 day simple moving average is $36.16. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a market cap of $2.39 billion, a P/E ratio of 14.00, a PEG ratio of 1.05 and a beta of 1.91.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. On average, sell-side analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

YETI Company 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.