Canada Pension Plan Investment Board Grows Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Canada Pension Plan Investment Board boosted its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 55.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 364,700 shares of the company's stock after acquiring an additional 129,500 shares during the quarter. Canada Pension Plan Investment Board owned 0.43% of YETI worth $14,045,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in shares of YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after purchasing an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in YETI in the 3rd quarter valued at $38,000. Aster Capital Management DIFC Ltd bought a new position in YETI during the 4th quarter valued at $44,000. Pilgrim Partners Asia Pte Ltd purchased a new position in YETI during the 4th quarter worth $45,000. Finally, Blue Trust Inc. grew its stake in shares of YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after acquiring an additional 333 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on YETI. The Goldman Sachs Group dropped 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. KeyCorp upgraded YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. UBS Group decreased their price target on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Robert W. Baird dropped their price target on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Stifel Nicolaus reduced their price objective on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, YETI presently has a consensus rating of "Hold" and a consensus price target of $42.20.

YETI Stock Performance

YETI stock traded up $0.82 during mid-day trading on Thursday, reaching $29.04. The company's stock had a trading volume of 1,305,782 shares, compared to its average volume of 1,685,866. The company has a market capitalization of $2.40 billion, a P/E ratio of 14.10, a PEG ratio of 1.05 and a beta of 2.04. The firm's fifty day moving average price is $32.80 and its two-hundred day moving average price is $36.82. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25. 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 (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The firm had revenue of $555.37 million for the quarter, compared to analysts' expectations of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. Sell-side analysts predict that YETI Holdings, Inc. will post 2.57 EPS 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.