Virtu Financial LLC Invests $330,000 in YETI Holdings, Inc. (NYSE:YETI)

Virtu Financial LLC purchased a new stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,571 shares of the company's stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP raised its position in YETI by 107.6% in the fourth quarter. Quantbot Technologies LP now owns 28,380 shares of the company's stock worth $1,093,000 after acquiring an additional 14,709 shares during the period. Teacher Retirement System of Texas increased its stake in shares of YETI by 76.4% in the 4th quarter. Teacher Retirement System of Texas now owns 38,808 shares of the company's stock worth $1,494,000 after purchasing an additional 16,810 shares in the last quarter. Xponance Inc. raised its holdings in YETI by 2.6% in the 4th quarter. Xponance Inc. now owns 13,250 shares of the company's stock worth $510,000 after purchasing an additional 340 shares during the period. Royce & Associates LP lifted its position in YETI by 15.7% during the fourth quarter. Royce & Associates LP now owns 678,045 shares of the company's stock valued at $26,112,000 after purchasing an additional 92,074 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in YETI during the fourth quarter valued at about $343,000.

YETI Price Performance

YETI stock traded up $0.54 during midday trading on Tuesday, reaching $33.64. 1,517,706 shares of the stock traded hands, compared to its average volume of 1,617,267. The stock has a market cap of $2.79 billion, a P/E ratio of 16.33, a PEG ratio of 1.05 and a beta of 2.15. The stock's fifty day moving average is $35.86 and its 200-day moving average is $38.15. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 12 month low of $31.48 and a 12 month high of $45.25.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on YETI shares. Stifel Nicolaus lowered their price objective on YETI from $45.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. KeyCorp lowered their price target on shares of YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. 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. Canaccord Genuity Group decreased their price objective on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Finally, UBS Group dropped their target price 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $44.77.

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.