Trexquant Investment LP Increases Position in YETI Holdings, Inc. (NYSE:YETI)

Trexquant Investment LP lifted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 100.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 124,769 shares of the company’s stock after buying an additional 62,531 shares during the quarter. Trexquant Investment LP owned approximately 0.15% of YETI worth $4,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Allworth Financial LP grew its position in YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after acquiring an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of YETI in the third quarter worth about $38,000. Blue Trust Inc. increased 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 buying an additional 333 shares during the period. Jones Financial Companies Lllp lifted its holdings in 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 buying an additional 280 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in YETI in the 4th quarter valued at about $70,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. KeyCorp reduced their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Canaccord Genuity Group decreased 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. Stifel Nicolaus lowered their target price on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday, February 14th. Morgan Stanley cut their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $44.77.

YETI Trading Up 1.0 %

NYSE YETI opened at $30.12 on Friday. The firm has a market cap of $2.49 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. YETI Holdings, Inc. has a 52 week low of $28.09 and a 52 week high of $45.25. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average price of $35.49 and a 200 day moving average price of $37.99.

YETI (NYSE:YETI) last posted its quarterly earnings data 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 business had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. As a group, sell-side analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.