Fox Run Management L.L.C. Makes New $1.26 Million Investment in YETI Holdings, Inc. (NYSE:YETI)

Fox Run Management L.L.C. bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,594 shares of the company's stock, valued at approximately $1,255,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings in YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after buying an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of YETI during the third quarter valued at $38,000. Blue Trust Inc. lifted its holdings in shares of YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after purchasing an additional 333 shares during the period. Jones Financial Companies Lllp grew its stake in shares of YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after purchasing an additional 280 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of YETI by 364.3% in the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company's stock valued at $73,000 after buying an additional 1,479 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on YETI shares. KeyCorp cut their price objective on YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. UBS Group reduced their price target on shares of YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Stifel Nicolaus decreased their price objective on YETI from $45.00 to $40.00 and set a "hold" rating for the company in a report on Friday, February 14th. Canaccord Genuity Group cut 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. Finally, Morgan Stanley decreased their price target on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $44.77.

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YETI Stock Performance

Shares of NYSE:YETI traded down $0.62 during midday trading on Tuesday, reaching $33.79. The company had a trading volume of 429,010 shares, compared to its average volume of 1,588,508. YETI Holdings, Inc. has a 52-week low of $31.48 and a 52-week high of $45.25. The company's 50 day moving average price is $36.31 and its 200 day moving average price is $38.31. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The stock has a market cap of $2.78 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $555.37 million for 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%. As a group, sell-side analysts anticipate 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.