YETI Holdings, Inc. (NYSE:YETI) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 204.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 240,275 shares of the company's stock after buying an additional 161,467 shares during the period. Janus Henderson Group PLC owned 0.28% of YETI worth $9,253,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Wasatch Advisors LP grew its stake in YETI by 0.9% during the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock worth $212,924,000 after buying an additional 51,443 shares during the period. Wellington Management Group LLP grew its stake in YETI by 15.9% during the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock worth $137,114,000 after buying an additional 489,063 shares during the period. Gates Capital Management Inc. purchased a new stake in YETI during the fourth quarter worth approximately $135,356,000. Dimensional Fund Advisors LP grew its stake in YETI by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock worth $57,812,000 after buying an additional 22,123 shares during the period. Finally, Congress Asset Management Co. grew its stake in YETI by 5.6% during the fourth quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company's stock worth $43,557,000 after buying an additional 60,407 shares during the period.

YETI Stock Performance

Shares of NYSE YETI traded down $1.57 during trading on Wednesday, reaching $29.74. The stock had a trading volume of 2,384,275 shares, compared to its average volume of 1,742,838. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The stock has a market cap of $2.46 billion, a PE ratio of 14.44, a P/E/G ratio of 1.05 and a beta of 1.91. The firm's 50 day moving average price is $30.51 and its two-hundred day moving average price is $35.65.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates 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 previous year, the business earned $0.34 EPS. The business's quarterly revenue was up 2.8% on a year-over-year basis. On average, research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

YETI has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Jefferies Financial Group reiterated a "buy" rating and set a $55.00 target price on shares of YETI in a report on Monday, May 5th. Raymond James dropped their target price on YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Robert W. Baird dropped their target price on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, KeyCorp upgraded YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Ten equities research 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.com, the company currently has an average rating of "Hold" and a consensus price target of $39.40.

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.