Two Sigma Investments LP Invests $428,000 in YETI Holdings, Inc. (NYSE:YETI)

Two Sigma Investments LP acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,126 shares of the company's stock, valued at approximately $428,000.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $25,000 after buying an additional 467 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in YETI during the fourth quarter valued at approximately $44,000. Pilgrim Partners Asia Pte Ltd bought a new position in YETI in the fourth quarter valued at approximately $45,000. Blue Trust Inc. increased its position in shares of YETI by 38.4% during the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after purchasing an additional 333 shares during the last quarter. Finally, GeoWealth Management LLC bought a new stake in shares of YETI during the 4th quarter worth approximately $48,000.

Wall Street Analyst Weigh In

A number of equities analysts have commented on YETI shares. UBS Group reduced their price objective on shares of YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Robert W. Baird decreased their target price on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Canaccord Genuity Group dropped their target price on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a report on Friday, February 14th. Finally, Piper Sandler lowered their price target on shares of YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.40.

YETI Price Performance

NYSE YETI traded down $0.77 on Friday, hitting $30.68. 116,350 shares of the company's stock were exchanged, compared to its average volume of 1,786,658. The stock has a 50-day moving average of $29.74 and a 200-day moving average of $34.75. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 1.05 and a beta of 1.88. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $351.13 million during the quarter, compared to the consensus estimate of $347.72 million. During the same period in the prior year, the company earned $0.34 EPS. YETI's revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

About YETI

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.