Cerity Partners LLC Makes New Investment in YETI Holdings, Inc. (NYSE:YETI)

Cerity Partners LLC acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,412 shares of the company's stock, valued at approximately $1,040,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinebridge Investments L.P. increased its stake in YETI by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 38,074 shares of the company's stock worth $1,466,000 after acquiring an additional 11,391 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of YETI by 1,172.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,807 shares of the company's stock valued at $609,000 after purchasing an additional 14,565 shares during the last quarter. Boothbay Fund Management LLC increased its stake in shares of YETI by 983.0% in the 4th quarter. Boothbay Fund Management LLC now owns 120,973 shares of the company's stock valued at $4,659,000 after purchasing an additional 109,803 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in YETI by 8.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 66,596 shares of the company's stock valued at $2,244,000 after acquiring an additional 5,199 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new position in YETI during the fourth quarter worth about $10,767,000.

YETI Trading Down 7.3%

Shares of YETI stock traded down $2.89 during mid-day trading on Thursday, hitting $36.81. The company's stock had a trading volume of 3,397,102 shares, compared to its average volume of 2,135,181. The company's fifty day simple moving average is $31.62 and its 200-day simple moving average is $33.00. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 2.58. The company has a market cap of $3.05 billion, a PE ratio of 17.70, a P/E/G ratio of 3.26 and a beta of 1.85.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly 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 return on equity of 26.48% and a net margin of 9.59%. The business had revenue of $351.13 million for the quarter, compared to the consensus estimate of $347.72 million. During the same period in the prior year, the business earned $0.34 EPS. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on YETI shares. Morgan Stanley lifted their price target on shares of YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. 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 note on Tuesday, April 22nd. Robert W. Baird cut their price objective on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Jefferies Financial Group reissued a "buy" rating and set a $55.00 price objective on shares of YETI in a report on Monday, May 5th. Finally, Raymond James Financial cut their price objective on YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $39.47.

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.