Andrew Hill Investment Advisors Inc. Buys New Stake in YETI Holdings, Inc. (NYSE:YETI)

Andrew Hill Investment Advisors Inc. bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,517 shares of the company’s stock, valued at approximately $675,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in YETI during the 4th quarter worth approximately $36,778,000. Wellington Management Group LLP lifted its position in shares of YETI by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company’s stock valued at $137,114,000 after acquiring an additional 489,063 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of YETI in the fourth quarter worth $10,767,000. Loomis Sayles & Co. L P acquired a new position in YETI in the 4th quarter worth about $9,060,000. Finally, Swedbank AB acquired a new stake in shares of YETI in the 4th quarter valued at $7,702,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on YETI shares. KeyCorp dropped their target price 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. Canaccord Genuity Group lowered their target price on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, February 14th. UBS Group dropped their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. 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 report on Friday, February 14th. Finally, Stifel Nicolaus dropped their price target on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, YETI currently has a consensus rating of “Hold” and an average target price of $44.77.

YETI Stock Performance

NYSE:YETI opened at $30.95 on Thursday. YETI Holdings, Inc. has a 12 month low of $26.66 and a 12 month high of $45.25. The firm has a market capitalization of $2.56 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. The business’s fifty day moving average price is $34.59 and its 200 day moving average price is $37.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36.

YETI (NYSE:YETI) last announced its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $554.08 million. On average, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share 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.