YETI Holdings, Inc. (NYSE:YETI) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 1,172.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,807 shares of the company's stock after acquiring an additional 14,565 shares during the quarter. Tower Research Capital LLC TRC's holdings in YETI were worth $609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in YETI during the 4th quarter valued at about $36,778,000. Wellington Management Group LLP increased its holdings in shares of 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 acquiring an additional 489,063 shares in the last quarter. Clearbridge Investments LLC purchased a new position in shares of YETI in the 4th quarter valued at approximately $10,767,000. Loomis Sayles & Co. L P acquired a new stake in YETI in the 4th quarter worth approximately $9,060,000. Finally, Swedbank AB purchased a new stake in YETI during the 4th quarter worth approximately $7,702,000.

YETI Trading Up 1.1 %

YETI traded up $0.32 during mid-day trading on Friday, hitting $28.67. 2,947,802 shares of the stock were exchanged, compared to its average volume of 1,696,813. The company has a market cap of $2.37 billion, a PE ratio of 13.91, a PEG ratio of 1.05 and a beta of 2.04. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The firm's fifty day moving average is $31.76 and its two-hundred day moving average is $36.28. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $555.37 million during 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%. Equities analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on YETI. KeyCorp upgraded shares of YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. Robert W. Baird decreased their target price on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus cut their price target on YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. 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. Finally, UBS Group dropped their target price on YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, YETI currently 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.