Canada Pension Plan Investment Board Raises Position in YETI Holdings, Inc. (NYSE:YETI)

Canada Pension Plan Investment Board increased its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 55.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 364,700 shares of the company's stock after buying an additional 129,500 shares during the period. Canada Pension Plan Investment Board owned 0.43% of YETI worth $14,045,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Wasatch Advisors LP boosted its holdings in YETI by 0.9% in the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock worth $212,924,000 after acquiring an additional 51,443 shares in the last quarter. Wellington Management Group LLP raised its position in YETI by 15.9% in the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock valued at $137,114,000 after buying an additional 489,063 shares during the last quarter. Geode Capital Management LLC boosted its holdings in YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock worth $58,573,000 after acquiring an additional 7,382 shares during the last quarter. Congress Asset Management Co. boosted its holdings in 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 acquiring an additional 60,407 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of YETI in the fourth quarter valued at about $36,778,000.

YETI Price Performance

Shares of 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 1,683,237. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The company has a market capitalization of $2.39 billion, a PE ratio of 14.00, a PEG ratio of 1.05 and a beta of 2.04. The company has a 50-day simple moving average of $32.43 and a 200 day simple moving average of $36.64.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates 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. Sell-side analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Canaccord Genuity Group decreased their target price on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group cut their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday. Morgan Stanley lowered their price objective on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Finally, Stifel Nicolaus reduced their target price on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $42.20.

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.