Russell Investments Group Ltd. Buys 94,957 Shares of YETI Holdings, Inc. (NYSE:YETI)

Russell Investments Group Ltd. raised its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 57.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,569 shares of the company's stock after purchasing an additional 94,957 shares during the quarter. Russell Investments Group Ltd. owned 0.31% of YETI worth $10,039,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in YETI. Norges Bank bought a new position in YETI during the 4th quarter worth $36,778,000. Wellington Management Group LLP increased its position in shares of YETI by 15.9% during the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock worth $137,114,000 after buying an additional 489,063 shares during the period. Clearbridge Investments LLC bought a new position in YETI during the fourth quarter worth $10,767,000. Loomis Sayles & Co. L P acquired a new position in YETI in the fourth quarter valued at $9,060,000. Finally, Swedbank AB bought a new position in shares of YETI in the 4th quarter worth about $7,702,000.

Analyst Ratings Changes

YETI has been the subject of several recent analyst reports. KeyCorp lowered their target price on YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. UBS Group lowered their price objective 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. Morgan Stanley cut 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. Robert W. Baird decreased their price target on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Canaccord Genuity Group dropped their price objective on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, YETI currently has an average rating of "Hold" and an average target price of $44.00.

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YETI Stock Down 2.0 %

YETI traded down $0.58 during mid-day trading on Tuesday, reaching $28.25. 1,553,581 shares of the stock were exchanged, compared to its average volume of 1,673,833. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The company has a 50 day moving average price of $34.13 and a two-hundred day moving average price of $37.40. YETI Holdings, Inc. has a 1 year low of $26.66 and a 1 year high of $45.25. The stock has a market capitalization of $2.34 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04.

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 the consensus estimate of $0.93 by ($0.06). The firm had revenue of $555.37 million for 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%. As a group, research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

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.