KLP Kapitalforvaltning AS Takes $693,000 Position in YETI Holdings, Inc. (NYSE:YETI)

KLP Kapitalforvaltning AS purchased a new stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,000 shares of the company's stock, valued at approximately $693,000.

Several other hedge funds have also recently bought and sold shares of YETI. Swedbank AB purchased a new position in shares of YETI during the 4th quarter valued at $7,702,000. Retirement Systems of Alabama grew its stake in YETI by 190.3% in the fourth quarter. Retirement Systems of Alabama now owns 298,526 shares of the company's stock valued at $11,496,000 after purchasing an additional 195,693 shares in the last quarter. First Eagle Investment Management LLC increased its position in YETI by 1,426.4% in the 4th quarter. First Eagle Investment Management LLC now owns 190,800 shares of the company's stock worth $7,348,000 after purchasing an additional 178,300 shares during the last quarter. Raymond James Financial Inc. acquired a new position in YETI in the 4th quarter worth about $6,240,000. Finally, Point72 Asset Management L.P. raised its stake in shares of YETI by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company's stock worth $31,353,000 after purchasing an additional 156,926 shares in the last quarter.

YETI Stock Performance

Shares of YETI traded up $0.31 during mid-day trading on Friday, hitting $30.12. The company's stock had a trading volume of 3,146,507 shares, compared to its average volume of 1,637,452. The stock's 50-day moving average is $35.49 and its two-hundred day moving average is $37.98. The firm has a market capitalization of $2.49 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. 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 one year low of $28.09 and a one year high of $45.25.

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YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings results 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 net margin of 9.60% and a return on equity of 28.23%. The company had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. As a group, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analysts Set New Price Targets

YETI has been the topic of a number of research reports. Canaccord Genuity Group dropped their price objective on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. UBS Group dropped their price target on shares of YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Morgan Stanley reduced their price objective 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. Stifel Nicolaus lowered their target price on shares of YETI from $45.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Finally, KeyCorp cut their target price on YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $44.77.

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.