Marshall Wace LLP Buys 262,829 Shares of YETI Holdings, Inc. (NYSE:YETI)

Marshall Wace LLP boosted its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 76.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 607,551 shares of the company’s stock after acquiring an additional 262,829 shares during the period. Marshall Wace LLP owned approximately 0.71% of YETI worth $23,178,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of YETI by 259.4% during the first quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock valued at $816,000 after purchasing an additional 15,280 shares during the period. Congress Asset Management Co. MA raised its stake in shares of YETI by 7.7% in the 1st quarter. Congress Asset Management Co. MA now owns 790,900 shares of the company’s stock valued at $30,489,000 after buying an additional 56,881 shares in the last quarter. BOKF NA lifted its holdings in shares of YETI by 12,075.3% during the 1st quarter. BOKF NA now owns 18,263 shares of the company’s stock worth $701,000 after acquiring an additional 18,113 shares during the period. Azzad Asset Management Inc. ADV lifted its holdings in shares of YETI by 97.8% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 51,760 shares of the company’s stock worth $1,995,000 after acquiring an additional 25,592 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of YETI by 65.8% during the 1st quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock valued at $2,630,000 after acquiring an additional 27,076 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on the stock. B. Riley raised their price target on shares of YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Bank of America raised YETI from a “neutral” rating to a “buy” rating and boosted their price target for the company from $46.00 to $55.00 in a research note on Thursday, August 8th. Citigroup lowered their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. KeyCorp lifted their price objective on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Finally, TD Cowen upped their target price on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.43.

YETI Stock Up 4.4 %

Shares of NYSE:YETI opened at $40.37 on Friday. The company has a 50 day moving average of $39.43 and a 200-day moving average of $38.90. YETI Holdings, Inc. has a one year low of $33.88 and a one year high of $54.15. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.13 and a beta of 2.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.22.

YETI (NYSE:YETI) last issued its earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.64 by $0.06. YETI had a net margin of 10.66% and a return on equity of 28.83%. The company had revenue of $463.50 million during the quarter, compared to analysts’ expectations of $452.42 million. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, sell-side analysts forecast that YETI Holdings, Inc. will post 2.35 earnings per share for the current 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.