Pilgrim Partners Asia Pte Ltd Acquires Shares of 1,160 YETI Holdings, Inc. (NYSE:YETI)

Pilgrim Partners Asia Pte Ltd bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,160 shares of the company’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Trexquant Investment LP increased its holdings in YETI by 100.5% during the 4th quarter. Trexquant Investment LP now owns 124,769 shares of the company’s stock worth $4,805,000 after purchasing an additional 62,531 shares during the period. Headlands Technologies LLC purchased a new position in shares of YETI during the fourth quarter valued at $70,000. Franklin Resources Inc. lifted its stake in YETI by 81.9% in the fourth quarter. Franklin Resources Inc. now owns 27,760 shares of the company’s stock worth $1,069,000 after acquiring an additional 12,498 shares during the period. Meeder Asset Management Inc. bought a new position in YETI during the 4th quarter worth about $77,000. Finally, Wellington Management Group LLP grew its holdings in YETI by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company’s stock worth $137,114,000 after acquiring an additional 489,063 shares in the last quarter.

YETI Price Performance

NYSE YETI opened at $30.12 on Friday. The stock’s fifty day moving average price is $35.49 and its 200 day moving average price is $38.00. YETI Holdings, Inc. has a 1 year low of $28.09 and a 1 year high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $555.37 million during 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%. As a group, equities research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analyst Ratings Changes

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