Future Fund LLC Invests $1.04 Million in YETI Holdings, Inc. (NYSE:YETI)

Future Fund LLC acquired a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 27,000 shares of the company's stock, valued at approximately $1,040,000. YETI makes up approximately 3.0% of Future Fund LLC's holdings, making the stock its 16th largest position.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in YETI by 22.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after purchasing an additional 280 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in YETI by 6.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company's stock worth $179,000 after purchasing an additional 290 shares in the last quarter. Atria Investments Inc increased its holdings in YETI by 4.2% during the 4th quarter. Atria Investments Inc now owns 8,110 shares of the company's stock worth $312,000 after purchasing an additional 328 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of YETI by 2.7% during the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company's stock worth $487,000 after buying an additional 332 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of YETI by 38.4% during the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after buying an additional 333 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group reduced their price objective on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Morgan Stanley reduced their price objective 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. Stifel Nicolaus reduced 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. KeyCorp cut their target price on shares of YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group cut their target price on shares of YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $44.77.

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YETI Stock Performance

YETI stock traded down $0.78 during mid-day trading on Wednesday, hitting $33.20. 1,325,216 shares of the company were exchanged, compared to its average volume of 1,684,064. The business has a 50 day simple moving average of $36.96 and a 200-day simple moving average of $38.65. 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 capitalization of $2.74 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. YETI Holdings, Inc. has a 1-year low of $33.12 and a 1-year high of $45.25.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) 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 forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

YETI 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.