Trexquant Investment LP Acquires 62,531 Shares of YETI Holdings, Inc. (NYSE:YETI)

Trexquant Investment LP lifted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 100.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,769 shares of the company's stock after purchasing an additional 62,531 shares during the quarter. Trexquant Investment LP owned 0.15% of YETI worth $4,805,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP raised its stake in YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $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 3rd quarter valued at approximately $38,000. Blue Trust Inc. lifted 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 valued at $49,000 after buying an additional 333 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of YETI by 22.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock valued at $59,000 after purchasing an additional 280 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of YETI in the 4th quarter worth $70,000.

YETI Trading Down 7.1 %

Shares of NYSE YETI traded down $2.21 during mid-day trading on Thursday, hitting $28.69. The company's stock had a trading volume of 673,850 shares, compared to its average volume of 1,663,143. The company's fifty day simple moving average is $34.59 and its 200-day simple moving average is $37.64. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 13.95, 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 current ratio of 2.18 and a quick ratio of 1.36. YETI Holdings, Inc. has a one year low of $26.66 and a one year high of $45.25.

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YETI (NYSE:YETI - Get Free Report) last released 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). YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. On average, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of recent analyst reports. Canaccord Genuity Group lowered their price target on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a report on Friday, February 14th. Morgan Stanley dropped their price objective on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Stifel Nicolaus cut their price target on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday. UBS Group decreased their price objective on YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, KeyCorp decreased their target price on YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, YETI has a consensus rating of "Hold" and an average target price of $44.31.

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.