Teza Capital Management LLC Purchases New Shares in YETI Holdings, Inc. (NYSE:YETI)

Teza Capital Management LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,299 shares of the company's stock, valued at approximately $782,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinebridge Investments L.P. grew its stake in 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 in the last quarter. Tower Research Capital LLC TRC grew its stake in 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 in the last quarter. Boothbay Fund Management LLC grew its stake in 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 in the last quarter. Truist Financial Corp grew its stake in YETI by 304.2% during the fourth quarter. Truist Financial Corp now owns 28,501 shares of the company's stock worth $1,098,000 after buying an additional 21,450 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in shares of YETI in the 4th quarter valued at approximately $10,767,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Canaccord Genuity Group dropped their price objective on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a report on Friday, February 14th. KeyCorp upgraded shares of YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Robert W. Baird dropped their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Raymond James dropped their price objective on shares of YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, YETI currently has a consensus rating of "Hold" and a consensus target price of $39.40.

YETI Stock Down 1.8%

YETI stock opened at $31.56 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25. The firm has a 50 day moving average price of $30.52 and a two-hundred day moving average price of $35.68. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.05 and a beta of 1.91.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings results 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. YETI had a net margin of 9.60% and a return on equity of 28.23%. The firm had revenue of $351.13 million during the quarter, compared to analyst estimates of $347.72 million. During the same quarter last year, the business earned $0.34 EPS. The company's revenue was up 2.8% compared to the same quarter last year. Equities analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current 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.

Want to see what other hedge funds are holding YETI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for YETI Holdings, Inc. (NYSE:YETI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.