Boothbay Fund Management LLC Purchases 109,803 Shares of YETI Holdings, Inc. (NYSE:YETI)

Boothbay Fund Management LLC boosted its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 983.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,973 shares of the company's stock after buying an additional 109,803 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.14% of YETI worth $4,659,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP raised its stake in shares of YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after acquiring an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in YETI during the 3rd quarter worth $38,000. Aster Capital Management DIFC Ltd acquired a new position in YETI during the 4th quarter worth about $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of YETI in the 4th quarter valued at about $45,000. Finally, GeoWealth Management LLC acquired a new stake in shares of YETI in the fourth quarter valued at about $48,000.

Wall Street Analyst Weigh In

Several analysts recently commented on YETI shares. 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. Robert W. Baird reduced their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus lowered their target price on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group cut their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $42.20.

YETI Price Performance

Shares of NYSE:YETI opened at $28.84 on Friday. The stock's 50 day moving average is $32.43 and its 200-day moving average is $36.61. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). The company had revenue of $555.37 million for 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%. Sell-side analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal 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.

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