Magnetar Financial LLC Has $690,000 Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Magnetar Financial LLC reduced its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,909 shares of the company’s stock after selling 3,952 shares during the period. Magnetar Financial LLC’s holdings in YETI were worth $690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of YETI. KBC Group NV grew its stake in shares of YETI by 25.4% during the third quarter. KBC Group NV now owns 2,871 shares of the company’s stock worth $118,000 after buying an additional 582 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of YETI by 29.9% during the third quarter. Thrivent Financial for Lutherans now owns 26,747 shares of the company’s stock worth $1,097,000 after buying an additional 6,152 shares during the last quarter. Quest Partners LLC grew its stake in shares of YETI by 271.6% during the third quarter. Quest Partners LLC now owns 8,283 shares of the company’s stock worth $340,000 after buying an additional 6,054 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of YETI during the third quarter worth $1,415,000. Finally, Algert Global LLC grew its stake in shares of YETI by 443.0% during the third quarter. Algert Global LLC now owns 47,550 shares of the company’s stock worth $1,951,000 after buying an additional 38,793 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently weighed in on YETI shares. Stifel Nicolaus reduced their price objective on shares of YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. KeyCorp reduced their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. 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. Canaccord Genuity Group reduced 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. Finally, Morgan Stanley reduced their price objective on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.77.

YETI Price Performance

Shares of NYSE YETI opened at $34.79 on Friday. The firm’s 50-day moving average price is $36.38 and its 200-day moving average price is $38.34. YETI Holdings, Inc. has a 1-year low of $31.48 and a 1-year high of $45.25. The firm has a market capitalization of $2.87 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.05 and a beta of 2.15. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last announced its quarterly earnings data 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 company had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. Equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

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.