Loomis Sayles & Co. L P Buys Shares of 235,252 YETI Holdings, Inc. (NYSE:YETI)

Loomis Sayles & Co. L P purchased a new position in YETI Holdings, Inc. (NYSE:YETI) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 235,252 shares of the company’s stock, valued at approximately $9,060,000.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after purchasing an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of YETI in the third quarter worth about $38,000. Blue Trust Inc. boosted its position in YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after acquiring an additional 333 shares during the last quarter. Jones Financial Companies Lllp grew its stake in YETI by 22.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock valued at $59,000 after acquiring an additional 280 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in YETI by 364.3% in the 4th quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock valued at $73,000 after acquiring an additional 1,479 shares during the last quarter.

YETI Stock Down 2.5 %

YETI stock opened at $33.10 on Friday. The company has a market capitalization of $2.74 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. 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 Holdings, Inc. has a fifty-two week low of $31.48 and a fifty-two week high of $45.25. The firm has a 50 day moving average price of $36.02 and a 200 day moving average price of $38.21.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The firm had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. Research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, February 14th. UBS Group dropped their target price on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Canaccord Genuity Group reduced their price target on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Morgan Stanley dropped their price objective on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Finally, KeyCorp reduced their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.77.

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.