YETI Holdings, Inc. (NYSE:YETI) is Tenzing Global Management LLC's 8th Largest Position

Tenzing Global Management LLC increased its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 56.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 195,000 shares of the company's stock after acquiring an additional 70,000 shares during the quarter. YETI comprises 5.6% of Tenzing Global Management LLC's investment portfolio, making the stock its 8th largest holding. Tenzing Global Management LLC owned approximately 0.23% of YETI worth $7,509,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in YETI. Teza Capital Management LLC purchased a new stake in shares of YETI during the fourth quarter worth $782,000. Toronto Dominion Bank raised its holdings in shares of YETI by 24.9% in the 4th quarter. Toronto Dominion Bank now owns 18,267 shares of the company's stock valued at $703,000 after acquiring an additional 3,643 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of YETI by 206.9% in the 4th quarter. Quantinno Capital Management LP now owns 183,539 shares of the company's stock valued at $7,068,000 after acquiring an additional 123,728 shares in the last quarter. Nomura Holdings Inc. raised its holdings in shares of YETI by 595.8% in the 4th quarter. Nomura Holdings Inc. now owns 595,154 shares of the company's stock valued at $22,919,000 after acquiring an additional 509,616 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of YETI by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 1,108,913 shares of the company's stock valued at $42,704,000 after acquiring an additional 10,673 shares in the last quarter.

YETI Stock Down 5.0%

YETI stock traded down $1.57 during trading hours on Wednesday, hitting $29.74. The stock had a trading volume of 2,384,275 shares, compared to its average volume of 1,744,569. 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 stock has a market capitalization of $2.46 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25. The stock's 50-day moving average price is $30.51 and its 200-day moving average price is $35.65.

YETI (NYSE:YETI - Get Free Report) last issued its 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. The business had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. Equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on YETI. Canaccord Genuity Group lowered their price target on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. The Goldman Sachs Group cut their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. KeyCorp upgraded shares of YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. UBS Group cut their target price 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. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $55.00 target price on shares of YETI in a research report on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, YETI currently has an average rating of "Hold" and an average target price of $39.40.

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.