Boothbay Fund Management LLC Purchases 109,803 Shares of YETI Holdings, Inc. (NYSE:YETI)

Boothbay Fund Management LLC grew its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 983.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,973 shares of the company's stock after buying an additional 109,803 shares during the quarter. Boothbay Fund Management LLC owned 0.14% of YETI worth $4,659,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in YETI. Norges Bank bought a new stake in YETI in the 4th quarter worth about $36,778,000. Wellington Management Group LLP boosted its position in YETI by 15.9% during the fourth 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 during the period. Clearbridge Investments LLC bought a new position in YETI in the 4th quarter worth about $10,767,000. Loomis Sayles & Co. L P purchased a new position in YETI during the 4th quarter valued at about $9,060,000. Finally, Swedbank AB purchased a new position in YETI during the 4th quarter valued at about $7,702,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Stifel Nicolaus reduced their target price on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Robert W. Baird dropped their price target on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. UBS Group dropped their price target on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group dropped their price target on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, Morgan Stanley dropped their price target on YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, YETI currently has a consensus rating of "Hold" and an average price target of $42.20.

YETI Trading Down 0.5 %

YETI stock traded down $0.13 during midday trading on Wednesday, hitting $28.55. The company had a trading volume of 2,185,377 shares, compared to its average volume of 1,689,549. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 1.05 and a beta of 2.04. The stock's 50 day moving average price is $32.10 and its 200 day moving average price is $36.42. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25.

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

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.