YETI Holdings, Inc. (NYSE:YETI) Shares Bought by Pinebridge Investments L.P.

Pinebridge Investments L.P. increased its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 42.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,074 shares of the company’s stock after purchasing an additional 11,391 shares during the quarter. Pinebridge Investments L.P.’s holdings in YETI were worth $1,466,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of YETI by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock valued at $17,922,000 after buying an additional 62,619 shares during the period. Truist Financial Corp grew its holdings in shares of YETI by 304.2% during the fourth quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock valued at $1,098,000 after purchasing an additional 21,450 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of YETI during the 4th quarter worth approximately $10,767,000. KLP Kapitalforvaltning AS bought a new stake in shares of YETI in the 4th quarter worth approximately $693,000. Finally, Charles Schwab Investment Management Inc. boosted its position in YETI by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock valued at $29,790,000 after purchasing an additional 39,709 shares during the period.

YETI Stock Performance

Shares of YETI stock opened at $28.84 on Monday. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The stock has a market cap of $2.39 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. The business has a fifty day simple moving average of $32.43 and a 200-day simple moving average of $36.57.

YETI (NYSE:YETI) 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 business had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. On average, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on YETI shares. Canaccord Genuity Group cut their target price on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. The Goldman Sachs Group reduced their target price on shares of YETI from $41.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. 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 reduced their price objective on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, Stifel Nicolaus lowered their target price on YETI from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.20.

YETI 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.