YETI Holdings, Inc. (NYSE:YETI) Position Raised by MML Investors Services LLC

MML Investors Services LLC boosted its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 399.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,946 shares of the company's stock after purchasing an additional 32,746 shares during the period. MML Investors Services LLC's holdings in YETI were worth $1,577,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

YETI has been the topic of several recent research reports. The Goldman Sachs Group decreased their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley decreased 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. UBS Group reduced their target price on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Canaccord Genuity Group dropped their price target on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Finally, Robert W. Baird reduced their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.20.

YETI Trading Up 0.2 %

Shares of NYSE YETI opened at $28.70 on Wednesday. The business has a 50 day simple moving average of $32.10 and a 200 day simple moving average of $36.42. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.05 and a beta of 2.04. 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 announced its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. On average, research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

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.

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