Northern Trust Corp Buys 200,443 Shares of YETI Holdings, Inc. (NYSE:YETI)

Northern Trust Corp raised its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,003,652 shares of the company's stock after acquiring an additional 200,443 shares during the quarter. Northern Trust Corp owned approximately 1.18% of YETI worth $38,651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of YETI during the fourth quarter valued at approximately $36,778,000. Wellington Management Group LLP lifted its position in YETI by 15.9% during the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock valued at $137,114,000 after buying an additional 489,063 shares during the period. Clearbridge Investments LLC bought a new stake in shares of YETI during the 4th quarter valued at $10,767,000. Loomis Sayles & Co. L P purchased a new stake in shares of YETI in the 4th quarter worth about $9,060,000. Finally, Swedbank AB bought a new position in shares of YETI in the 4th quarter worth about $7,702,000.

YETI Price Performance

Shares of NYSE:YETI opened at $28.14 on Friday. The firm's 50 day moving average price is $30.85 and its 200-day moving average price is $35.84. 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 $2.33 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25.

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, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $351.13 million for 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 company's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. Equities research analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on YETI. Piper Sandler cut their price objective on shares of YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Canaccord Genuity Group reduced their price objective on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Friday, February 14th. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. The Goldman Sachs Group reduced their price target on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $55.00 price target on shares of YETI in a research note on Monday, May 5th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, YETI currently has a consensus 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.

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