Quantinno Capital Management LP Purchases 123,728 Shares of YETI Holdings, Inc. (NYSE:YETI)

Quantinno Capital Management LP grew its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 206.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,539 shares of the company's stock after buying an additional 123,728 shares during the quarter. Quantinno Capital Management LP owned 0.22% of YETI worth $7,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Pinebridge Investments L.P. raised its holdings in shares of YETI by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 38,074 shares of the company's stock worth $1,466,000 after purchasing an additional 11,391 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of YETI by 1,172.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,807 shares of the company's stock worth $609,000 after purchasing an additional 14,565 shares during the period. Boothbay Fund Management LLC raised its holdings in shares of YETI by 983.0% in the 4th quarter. Boothbay Fund Management LLC now owns 120,973 shares of the company's stock worth $4,659,000 after purchasing an additional 109,803 shares during the period. Truist Financial Corp raised its holdings in shares of YETI by 304.2% in the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company's stock worth $1,098,000 after purchasing an additional 21,450 shares during the period. Finally, Clearbridge Investments LLC bought a new stake in shares of YETI in the 4th quarter worth approximately $10,767,000.

Analysts Set New Price Targets

YETI has been the topic of a number of research reports. UBS Group lowered their price target 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 reduced their price objective on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus reduced their price objective on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Jefferies Financial Group reiterated a "buy" rating and issued a $55.00 price objective on shares of YETI in a research note on Monday, May 5th. Finally, Piper Sandler reduced their price objective on shares of YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $39.40.

YETI Trading Down 0.1%

YETI stock opened at $32.14 on Friday. The stock has a market cap of $2.66 billion, a P/E ratio of 15.60, a PEG ratio of 1.05 and a beta of 1.91. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The firm's fifty day moving average price is $30.56 and its 200-day moving average price is $35.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18.

YETI (NYSE:YETI - Get Free Report) last released 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 firm 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 business's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Equities research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

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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