Future Fund LLC Acquires Shares of 27,000 YETI Holdings, Inc. (NYSE:YETI)

Future Fund LLC acquired a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,000 shares of the company’s stock, valued at approximately $1,040,000. YETI accounts for about 3.0% of Future Fund LLC’s investment portfolio, making the stock its 16th biggest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after purchasing an additional 467 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of YETI in the 3rd quarter worth approximately $38,000. Blue Trust Inc. increased its stake in shares of YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after buying an additional 333 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of YETI by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock valued at $59,000 after acquiring an additional 280 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in YETI by 364.3% in the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock worth $73,000 after acquiring an additional 1,479 shares during the period.

Wall Street Analysts Forecast Growth

YETI has been the topic of a number of research analyst reports. TD Cowen reduced their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, November 11th. Stifel Nicolaus decreased their price target on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, February 14th. KeyCorp lowered their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. 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. Finally, Morgan Stanley decreased their target price 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, YETI presently has a consensus rating of “Hold” and a consensus target price of $44.77.

YETI Trading Up 2.0 %

YETI stock opened at $35.67 on Monday. The business’s fifty day simple moving average is $37.22 and its two-hundred day simple moving average is $38.77. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. YETI Holdings, Inc. has a 12 month low of $33.36 and a 12 month high of $45.25.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). The firm had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. As a group, equities analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

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.