Virtu Financial LLC Acquires Shares of 8,571 YETI Holdings, Inc. (NYSE:YETI)

Virtu Financial LLC bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,571 shares of the company’s stock, valued at approximately $330,000.

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

Analysts Set New Price Targets

A number of brokerages have commented on YETI. Stifel Nicolaus reduced their target price on shares of YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Morgan Stanley reduced their price target on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. KeyCorp lowered their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. UBS Group reduced their target price on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Canaccord Genuity Group lowered their price target on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.77.

YETI Stock Up 0.7 %

Shares of YETI opened at $33.92 on Friday. The company’s 50-day simple moving average is $36.11 and its 200-day simple moving average is $38.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. YETI Holdings, Inc. has a 1 year low of $31.48 and a 1 year high of $45.25. The stock has a market capitalization of $2.79 billion, a PE ratio of 16.46, a P/E/G ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI) last released its 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 business had revenue of $555.37 million for 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%. Analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

YETI Company 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.