Tower Research Capital LLC TRC Has $609,000 Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Tower Research Capital LLC TRC boosted its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 1,172.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,807 shares of the company's stock after buying 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 quarter.

A number of other institutional investors also recently modified their holdings of YETI. Allworth Financial LP boosted its position in YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after purchasing an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI during the 3rd quarter valued at about $38,000. Aster Capital Management DIFC Ltd bought a new stake in shares of YETI in the 4th quarter valued at approximately $44,000. Pilgrim Partners Asia Pte Ltd acquired a new position in YETI in the fourth quarter worth approximately $45,000. Finally, GeoWealth Management LLC bought a new position in YETI during the fourth quarter valued at approximately $48,000.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Robert W. Baird dropped their price target on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Morgan Stanley cut their target price on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Canaccord Genuity Group decreased their price target on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Stifel Nicolaus cut their price objective on YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group decreased their target price on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $42.20.

YETI Stock Performance

Shares of YETI traded up $0.49 during trading hours on Friday, reaching $28.84. 4,007,504 shares of the company traded hands, compared to its average volume of 1,696,440. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The stock's fifty day moving average is $31.59 and its 200 day moving average is $36.16. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. The stock has a market cap of $2.39 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04.

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

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.