First Trust Advisors LP Purchases 111,447 Shares of YETI Holdings, Inc. (NYSE:YETI)

First Trust Advisors LP boosted its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 45.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 357,123 shares of the company's stock after purchasing an additional 111,447 shares during the period. First Trust Advisors LP owned about 0.42% of YETI worth $13,753,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its position in YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after purchasing an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of YETI during the third quarter valued at about $38,000. Aster Capital Management DIFC Ltd purchased a new stake in YETI in the fourth quarter worth about $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in YETI during the 4th quarter valued at approximately $45,000. Finally, GeoWealth Management LLC purchased a new position in shares of YETI during the 4th quarter worth approximately $48,000.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Canaccord Genuity Group decreased 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. UBS Group cut their price objective on shares of YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group lowered their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird cut their price target on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, 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. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.20.

YETI Stock Performance

Shares of YETI stock traded down $0.18 during trading hours on Thursday, reaching $28.37. 1,624,825 shares of the stock traded hands, compared to its average volume of 1,690,054. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.05 and a beta of 2.04. 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 has a 50 day moving average price of $31.94 and a 200 day moving average price of $36.37.

YETI (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The business had revenue of $555.37 million for the quarter, compared to analysts' expectations of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. On average, equities research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal 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.