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

Quantbot Technologies LP grew its holdings in YETI Holdings, Inc. (NYSE:YETI) by 107.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 28,380 shares of the company’s stock after buying an additional 14,709 shares during the quarter. Quantbot Technologies LP’s holdings in YETI were worth $1,093,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in YETI by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock worth $58,573,000 after acquiring an additional 7,382 shares during the period. Congress Asset Management Co. lifted its position in shares of 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 boosted its stake in shares of 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 purchasing 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. raised its stake in YETI by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock worth $29,790,000 after buying an additional 39,709 shares in the last quarter.

Wall Street Analyst Weigh In

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

YETI Stock Down 1.6 %

Shares of YETI stock opened at $33.85 on Wednesday. The company has a 50-day simple moving average of $36.24 and a two-hundred day simple moving average of $38.28. YETI Holdings, Inc. has a 52-week low of $31.48 and a 52-week high of $45.25. 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 has a market capitalization of $2.79 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI) last announced 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 return on equity of 28.23% and a net margin of 9.60%. The firm had revenue of $555.37 million during the quarter, compared to analysts’ expectations of $554.08 million. On average, analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.