Kennedy Capital Management LLC Buys New Holdings in YETI Holdings, Inc. (NYSE:YETI)

Kennedy Capital Management LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 50,192 shares of the company's stock, valued at approximately $1,933,000. Kennedy Capital Management LLC owned 0.06% of YETI as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its position in shares of YETI by 56.2% during the 3rd quarter. FMR LLC now owns 12,037 shares of the company's stock worth $494,000 after purchasing an additional 4,329 shares during the period. Stifel Financial Corp boosted its holdings in shares of YETI by 42.5% during the third quarter. Stifel Financial Corp now owns 19,219 shares of the company's stock valued at $789,000 after acquiring an additional 5,731 shares during the period. Geode Capital Management LLC grew its position in shares of YETI by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock worth $58,573,000 after acquiring an additional 7,382 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI in the 3rd quarter worth about $38,000. Finally, Cim Investment Management Inc. bought a new stake in YETI in the 3rd quarter valued at about $203,000.

YETI Stock Up 3.4 %

Shares of YETI stock traded up $0.91 on Friday, reaching $27.85. 2,200,155 shares of the company's stock traded hands, compared to its average volume of 1,679,859. The business's 50 day moving average price is $33.40 and its two-hundred day moving average price is $37.08. The company has a market capitalization of $2.31 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The company had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. On average, equities analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

YETI has been the topic of several analyst reports. UBS Group lowered their target price on YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday. Robert W. Baird reduced their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Morgan Stanley lowered their target price on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus reduced their price target 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. Finally, Canaccord Genuity Group cut their target price on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $43.14.

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.