Hussman Strategic Advisors Inc. Makes New $2.09 Million Investment in YETI Holdings, Inc. (NYSE:YETI)

Hussman Strategic Advisors Inc. bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,000 shares of the company's stock, valued at approximately $2,085,000. Hussman Strategic Advisors Inc. owned about 0.08% of YETI as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its stake in YETI by 0.9% during the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock worth $212,924,000 after purchasing an additional 51,443 shares during the last quarter. Wellington Management Group LLP lifted its stake in YETI by 15.9% in the fourth 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. Gates Capital Management Inc. purchased a new stake in YETI in the fourth quarter valued at approximately $135,356,000. Dimensional Fund Advisors LP lifted its stake in YETI by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock valued at $57,812,000 after buying an additional 22,123 shares during the last quarter. Finally, Congress Asset Management Co. lifted its stake in YETI by 7.7% in the first quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company's stock valued at $40,315,000 after buying an additional 86,906 shares during the last quarter.

Analyst Ratings Changes

YETI has been the subject of a number of research reports. Jefferies Financial Group reiterated a "buy" rating and issued a $55.00 price objective on shares of YETI in a research note on Monday, May 5th. KeyCorp upgraded YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. Morgan Stanley boosted their price objective on YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Stifel Nicolaus reduced their price objective on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group boosted their price objective on YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday. 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, the stock has an average rating of "Hold" and an average target price of $39.67.

YETI Stock Performance

Shares of YETI stock traded down $0.12 during trading hours on Friday, hitting $34.98. 2,067,154 shares of the company were exchanged, compared to its average volume of 1,853,123. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The company has a current ratio of 2.58, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average of $31.41 and a 200-day moving average of $33.05. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 3.03 and a beta of 1.85.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. YETI had a return on equity of 26.48% and a net margin of 9.59%. YETI's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. As a group, analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal 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.