Trexquant Investment LP Raises Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

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

Other hedge funds have also modified their holdings of the company. Allworth Financial LP boosted its position in YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after buying an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in YETI during the 3rd quarter valued at approximately $38,000. Blue Trust Inc. boosted its holdings in shares of YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after acquiring an additional 333 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after acquiring an additional 280 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of YETI during the fourth quarter worth $70,000.

YETI Stock Up 1.0 %

Shares of NYSE YETI opened at $30.12 on Friday. 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’s 50-day simple moving average is $35.49 and its 200-day simple moving average is $37.99. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The firm had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. Equities analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on YETI. 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 report on Friday, February 14th. Canaccord Genuity Group reduced their price target 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 decreased their price target on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday, February 14th. UBS Group dropped 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. Finally, KeyCorp decreased their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. One research 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.77.

About YETI

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.