UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 26,566 Shares of YETI Holdings, Inc. (NYSE:YETI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 272,917 shares of the company's stock after acquiring an additional 26,566 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.32% of YETI worth $10,510,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in YETI. Gates Capital Management Inc. bought a new stake in shares of YETI during the 4th quarter worth $135,356,000. Brown Advisory Inc. acquired a new stake in shares of YETI in the fourth quarter valued at about $40,496,000. Westwood Holdings Group Inc. bought a new position in shares of YETI in the fourth quarter worth about $37,098,000. Norges Bank acquired a new position in shares of YETI during the 4th quarter worth about $36,778,000. Finally, Nomura Holdings Inc. boosted its stake in YETI by 595.8% during the 4th quarter. Nomura Holdings Inc. now owns 595,154 shares of the company's stock valued at $22,919,000 after purchasing an additional 509,616 shares during the period.

Wall Street Analyst Weigh In

YETI has been the topic of a number of recent research reports. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $55.00 price target on shares of YETI in a research note on Monday, May 5th. Robert W. Baird dropped their price objective on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Canaccord Genuity Group cut their price objective on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a report on Friday, February 14th. Finally, Morgan Stanley boosted their target price 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. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, YETI presently has a consensus rating of "Hold" and a consensus price target of $39.40.

YETI Trading Up 0.5%

NYSE:YETI traded up $0.15 during trading hours on Wednesday, hitting $31.80. 1,316,066 shares of the stock were exchanged, compared to its average volume of 1,783,534. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a market capitalization of $2.63 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The company's 50 day moving average is $29.73 and its two-hundred day moving average is $35.03.

YETI (NYSE:YETI - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating 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 business had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. During the same period last year, the business earned $0.34 earnings per share. The firm's revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

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.