First Trust Advisors LP Boosts Stake in YETI Holdings, Inc. (NYSE:YETI)

First Trust Advisors LP increased its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 45.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,123 shares of the company's stock after buying an additional 111,447 shares during the quarter. First Trust Advisors LP owned about 0.42% of YETI worth $13,753,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on YETI. Robert W. Baird decreased their price target on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Stifel Nicolaus decreased 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. UBS Group dropped their price target on shares of YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group decreased their price objective on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, Canaccord Genuity Group dropped their target price on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $42.20.

YETI Price Performance

Shares of NYSE YETI opened at $28.84 on Monday. The firm has a 50-day simple moving average of $32.43 and a 200-day simple moving average of $36.57. 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 stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25.

YETI (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $554.08 million. On average, equities analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

About YETI

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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