Louisiana State Employees Retirement System Makes New $1.26 Million Investment in YETI Holdings, Inc. (NYSE:YETI)

Louisiana State Employees Retirement System purchased a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,400 shares of the company's stock, valued at approximately $1,263,000.

Other large investors have also added to or reduced their stakes in the company. CWM LLC increased its position in YETI by 42.9% during the 3rd quarter. CWM LLC now owns 2,183 shares of the company's stock worth $105,000 after buying an additional 655 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in YETI during the 3rd quarter worth $121,000. Shelton Capital Management bought a new position in YETI during the 3rd quarter worth $200,000. Duality Advisers LP bought a new position in YETI during the 3rd quarter worth $206,000. Finally, Pegasus Partners Ltd. bought a new position in YETI during the 3rd quarter worth $207,000.

YETI Trading Down 0.2 %

Shares of YETI stock traded down $0.09 during mid-day trading on Tuesday, reaching $36.27. 1,775,368 shares of the stock traded hands, compared to its average volume of 1,601,322. The stock's fifty day simple moving average is $38.56 and its two-hundred day simple moving average is $42.74. YETI Holdings, Inc. has a 1-year low of $34.70 and a 1-year high of $54.15. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.46 and a beta of 2.29. The company has a quick ratio of 1.45, a current ratio of 2.30 and a debt-to-equity ratio of 0.11.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $0.96 by ($0.06). YETI had a net margin of 10.24% and a return on equity of 27.99%. The firm had revenue of $519.79 million for the quarter, compared to analyst estimates of $535.99 million. During the same period in the previous year, the business posted $0.75 earnings per share. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. On average, research analysts anticipate that YETI Holdings, Inc. will post 2.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on YETI shares. Stifel Nicolaus decreased their price target on YETI from $43.00 to $41.00 and set a "hold" rating on the stock in a research report on Friday, February 16th. KeyCorp raised their price target on YETI from $33.00 to $36.00 and gave the stock an "underweight" rating in a research report on Friday, January 12th. Canaccord Genuity Group cut YETI from a "buy" rating to a "hold" rating and raised their price target for the stock from $49.00 to $50.00 in a research report on Thursday, January 4th. B. Riley restated a "neutral" rating and issued a $42.00 price target on shares of YETI in a research report on Friday, February 16th. Finally, Canaccord Genuity Group reduced their price objective on YETI from $41.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, YETI currently has an average rating of "Hold" and a consensus price target of $48.29.

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.