14,680 Shares in YETI Holdings, Inc. (NYSE:YETI) Bought by MQS Management LLC

MQS Management LLC purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,680 shares of the company's stock, valued at approximately $486,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of YETI. Pinebridge Investments L.P. increased its stake in shares of YETI by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 38,074 shares of the company's stock worth $1,466,000 after buying an additional 11,391 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of YETI by 1,172.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,807 shares of the company's stock worth $609,000 after buying an additional 14,565 shares during the period. Boothbay Fund Management LLC increased its stake in shares of YETI by 983.0% during the fourth quarter. Boothbay Fund Management LLC now owns 120,973 shares of the company's stock worth $4,659,000 after buying an additional 109,803 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of YETI by 8.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 66,596 shares of the company's stock worth $2,244,000 after buying an additional 5,199 shares during the period. Finally, Clearbridge Investments LLC purchased a new stake in shares of YETI during the fourth quarter worth approximately $10,767,000.

YETI Stock Performance

Shares of YETI traded up $1.37 during mid-day trading on Thursday, reaching $35.13. 2,677,767 shares of the company's stock were exchanged, compared to its average volume of 1,851,789. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.58 and a quick ratio of 1.47. The stock has a market capitalization of $2.91 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 2.91 and a beta of 1.85. The business's fifty day simple moving average is $31.27 and its 200-day simple moving average is $33.07. 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 announced its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The business had revenue of $351.13 million for the quarter, compared to analyst estimates of $347.72 million. YETI had a net margin of 9.59% and a return on equity of 26.48%. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. On average, equities research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analyst Ratings Changes

YETI has been the topic of a number of recent research reports. Robert W. Baird cut their target price on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus cut their target price on shares of YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group cut their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Raymond James Financial dropped their price target on shares of YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, UBS Group increased their price target on shares of YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $39.67.

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.