Susquehanna Fundamental Investments LLC Makes New Investment in YETI Holdings, Inc. (NYSE:YETI)

Susquehanna Fundamental Investments LLC acquired a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40,700 shares of the company's stock, valued at approximately $1,567,000.

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

YETI Stock Performance

NYSE YETI opened at $28.55 on Thursday. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The stock has a market capitalization of $2.36 billion, a PE ratio of 13.86, a P/E/G ratio of 1.05 and a beta of 2.04. The company's 50 day simple moving average is $31.94 and its two-hundred day simple moving average is $36.37.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The company had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. Analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on YETI shares. UBS Group reduced their target price on shares of YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. KeyCorp raised shares of YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Canaccord Genuity Group reduced their target price on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Robert W. Baird cut their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, The Goldman Sachs Group cut their price objective 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. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $42.20.

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.

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