Clearbridge Investments LLC Takes Position in YETI Holdings, Inc. (NYSE:YETI)

Clearbridge Investments LLC purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 279,586 shares of the company’s stock, valued at approximately $10,767,000. Clearbridge Investments LLC owned about 0.33% of YETI at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in YETI. Allworth Financial LP lifted its holdings in shares of 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in YETI during the third quarter worth about $38,000. Blue Trust Inc. raised its stake in YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after purchasing an additional 333 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in YETI by 22.5% in 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 during the period. Finally, Versant Capital Management Inc grew its position in shares of YETI by 364.3% during the 4th quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock worth $73,000 after purchasing an additional 1,479 shares in the last quarter.

YETI Stock Up 3.1 %

Shares of NYSE:YETI opened at $34.75 on Thursday. YETI Holdings, Inc. has a 52-week low of $31.48 and a 52-week high of $45.25. The company has a market capitalization of $2.88 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. 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 fifty day moving average of $35.80 and a 200-day moving average of $38.12.

YETI (NYSE:YETI) last issued its earnings results 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 firm had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. On average, equities analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. KeyCorp cut their price target on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Canaccord Genuity Group cut their target price on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Morgan Stanley reduced their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Stifel Nicolaus dropped their price target on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Finally, UBS Group reduced their price objective on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.77.

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.