XTX Topco Ltd Acquires 19,740 Shares of YETI Holdings, Inc. (NYSE:YETI)

XTX Topco Ltd lifted its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 228.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,369 shares of the company's stock after purchasing an additional 19,740 shares during the period. XTX Topco Ltd's holdings in YETI were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on YETI shares. UBS Group cut their price target on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday. Canaccord Genuity Group dropped their price target 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. Robert W. Baird cut their target price on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Morgan Stanley dropped their price target on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Finally, Stifel Nicolaus reduced their price objective on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, YETI has an average rating of "Hold" and an average price target of $43.14.

YETI Price Performance

NYSE YETI traded up $0.91 during trading hours on Friday, hitting $27.85. The company had a trading volume of 2,200,155 shares, compared to its average volume of 1,679,859. The firm has a 50 day simple moving average of $33.40 and a 200 day simple moving average of $37.08. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 13.52, a PEG 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 (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The firm had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. Equities research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share 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.