21,624 Shares in YETI Holdings, Inc. (NYSE:YETI) Bought by Jump Financial LLC

Jump Financial LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,624 shares of the company’s stock, valued at approximately $833,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YETI. Allworth Financial LP raised its position in YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after acquiring an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of YETI during the 3rd quarter worth about $38,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of YETI during the 4th quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of YETI in the 4th quarter valued at about $45,000. Finally, Blue Trust Inc. boosted its position in YETI by 38.4% during the fourth 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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Robert W. Baird reduced their target price on YETI from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Morgan Stanley dropped their target price on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. KeyCorp upgraded shares of YETI from an “underweight” rating to a “sector weight” rating in a research report on Thursday, April 17th. Stifel Nicolaus lowered their price objective on YETI from $40.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Finally, UBS Group lowered their price target on YETI from $43.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, YETI has an average rating of “Hold” and a consensus target price of $43.14.

YETI Stock Performance

Shares of YETI stock opened at $27.57 on Tuesday. The firm has a market cap of $2.28 billion, a P/E ratio of 13.38, a P/E/G 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 Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The firm’s 50 day moving average price is $33.19 and its 200-day moving average price is $36.94.

YETI (NYSE:YETI) last released 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 analyst estimates of $554.08 million. As a group, equities research analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current 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.