First Eagle Investment Management LLC Buys 178,300 Shares of YETI Holdings, Inc. (NYSE:YETI)

First Eagle Investment Management LLC boosted its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 1,426.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,800 shares of the company's stock after buying an additional 178,300 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.22% of YETI worth $7,348,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in YETI by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock valued at $58,573,000 after buying an additional 7,382 shares during the last quarter. Congress Asset Management Co. increased its stake in shares of YETI by 5.6% in the fourth 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 period. Bank of New York Mellon Corp increased its stake in shares of YETI by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company's stock valued at $31,994,000 after purchasing an additional 5,987 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of YETI by 7.0% during the third 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 period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of YETI by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company's stock valued at $29,790,000 after acquiring an additional 39,709 shares during the period.

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YETI Stock Performance

Shares of YETI stock traded up $0.26 during trading hours on Tuesday, hitting $34.26. 1,596,081 shares of the company were exchanged, compared to its average volume of 1,706,501. The firm has a fifty day simple moving average of $36.64 and a 200 day simple moving average of $38.47. 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 $31.48 and a 52-week high of $45.25. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 1.05 and a beta of 2.15.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on YETI shares. Stifel Nicolaus decreased their target price 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. Morgan Stanley cut their price objective on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. UBS Group decreased their price objective on YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Canaccord Genuity Group cut their price objective on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Finally, KeyCorp dropped their target price on YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.