Quantbot Technologies LP Grows Position in YETI Holdings, Inc. (NYSE:YETI)

Quantbot Technologies LP raised its holdings in YETI Holdings, Inc. (NYSE:YETI) by 107.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,380 shares of the company’s stock after purchasing an additional 14,709 shares during the period. Quantbot Technologies LP’s holdings in YETI were worth $1,093,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after acquiring an additional 7,382 shares during the period. Congress Asset Management Co. boosted its stake in YETI by 5.6% in the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company’s stock worth $43,557,000 after purchasing an additional 60,407 shares during the period. Bank of New York Mellon Corp grew its holdings in YETI by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company’s stock valued at $31,994,000 after buying an additional 5,987 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of YETI by 7.0% during the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock valued at $33,242,000 after buying an additional 53,023 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of YETI by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock valued at $29,790,000 after buying an additional 39,709 shares during the period.

YETI Stock Performance

NYSE YETI opened at $33.85 on Wednesday. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.05 and a beta of 2.15. The company has a 50-day simple moving average of $36.24 and a two-hundred day simple moving average of $38.28. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 12-month low of $31.48 and a 12-month high of $45.25.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (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 company had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. On average, equities analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analysts Forecast Growth

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