NFJ Investment Group LLC Has $2.21 Million Holdings in YETI Holdings, Inc. (NYSE:YETI)

NFJ Investment Group LLC lifted its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 31.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,495 shares of the company's stock after acquiring an additional 13,804 shares during the period. NFJ Investment Group LLC owned 0.07% of YETI worth $2,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in shares of YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $25,000 after purchasing an additional 467 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in YETI in the 3rd quarter worth about $38,000. Aster Capital Management DIFC Ltd purchased a new stake in YETI in the 4th quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of YETI during the 4th quarter worth about $45,000. Finally, Blue Trust Inc. boosted its position in shares of YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after acquiring an additional 333 shares during the last quarter.

Wall Street Analyst Weigh In

YETI has been the subject of several research reports. UBS Group lowered their price objective on shares of YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Stifel Nicolaus decreased their price target on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Canaccord Genuity Group cut their price target on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Morgan Stanley dropped their target price on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Finally, KeyCorp raised shares of YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $42.20.

YETI Stock Up 1.8 %

NYSE YETI traded up $0.49 on Tuesday, reaching $27.98. The stock had a trading volume of 311,724 shares, compared to its average volume of 1,855,895. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 1.05 and a beta of 2.04. 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 1 year low of $26.61 and a 1 year high of $45.25. The business has a 50 day moving average price of $33.19 and a 200 day moving average price of $36.94.

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 analysts' consensus estimates of $0.93 by ($0.06). The business had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. On average, analysts forecast that YETI Holdings, Inc. will post 2.57 EPS 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.