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

Russell Investments Group Ltd. raised its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 57.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 260,569 shares of the company’s stock after acquiring an additional 94,957 shares during the quarter. Russell Investments Group Ltd.’s holdings in YETI were worth $10,039,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. FMR LLC boosted its stake in YETI by 56.2% during the third quarter. FMR LLC now owns 12,037 shares of the company’s stock worth $494,000 after buying an additional 4,329 shares in the last quarter. Captrust Financial Advisors increased its stake in YETI by 5.5% in the third quarter. Captrust Financial Advisors now owns 9,472 shares of the company’s stock valued at $389,000 after acquiring an additional 496 shares during the period. Stifel Financial Corp raised its holdings in shares of YETI by 42.5% in the 3rd quarter. Stifel Financial Corp now owns 19,219 shares of the company’s stock worth $789,000 after buying an additional 5,731 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of YETI by 246.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,789 shares of the company’s stock worth $853,000 after buying an additional 14,782 shares during the period. Finally, Geode Capital Management LLC boosted its stake in YETI by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after buying an additional 7,382 shares in the last quarter.

YETI Price Performance

Shares of YETI stock opened at $29.17 on Friday. The firm’s 50 day moving average price is $34.30 and its two-hundred day moving average price is $37.50. 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 Holdings, Inc. has a 52-week low of $26.66 and a 52-week high of $45.25. The stock has a market cap of $2.41 billion, a PE ratio of 14.16, a PEG ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). The company had revenue of $555.37 million during 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, analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. KeyCorp cut their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird reduced their price target on shares of YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday. Canaccord Genuity Group decreased their price objective on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. UBS Group cut their target price 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. Finally, Stifel Nicolaus decreased their price target on YETI from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, YETI has an average rating of “Hold” and an average target price of $44.00.

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.