Clearbridge Investments LLC Makes New $10.77 Million Investment in YETI Holdings, Inc. (NYSE:YETI)

Clearbridge Investments LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 279,586 shares of the company's stock, valued at approximately $10,767,000. Clearbridge Investments LLC owned 0.33% of YETI as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of YETI. Geode Capital Management LLC increased its position in YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock valued at $58,573,000 after purchasing an additional 7,382 shares during the period. Congress Asset Management Co. boosted 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 valued at $43,557,000 after purchasing an additional 60,407 shares during the last quarter. Norges Bank acquired a new stake in shares of YETI during the fourth quarter worth $36,778,000. Bank of New York Mellon Corp raised its stake in YETI by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company's stock worth $31,994,000 after buying an additional 5,987 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in YETI by 7.0% in the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company's stock valued at $33,242,000 after buying an additional 53,023 shares during the period.

YETI Stock Down 4.9 %

NYSE YETI traded down $1.48 during trading hours on Monday, hitting $28.67. The company's stock had a trading volume of 2,918,064 shares, compared to its average volume of 1,642,554. The company has a market capitalization of $2.37 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 52 week low of $28.09 and a 52 week high of $45.25. The company's 50-day simple moving average is $35.29 and its two-hundred day simple moving average is $37.90.

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

Analyst Ratings Changes

Several research firms have recently weighed in on YETI. 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 lowered their target price on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Morgan Stanley cut their price target on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Stifel Nicolaus lowered their price objective 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. Finally, Canaccord Genuity Group dropped their target price on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. One equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.77.

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.