Future Fund LLC Buys Shares of 27,000 YETI Holdings, Inc. (NYSE:YETI)

Future Fund LLC purchased a new position in YETI Holdings, Inc. (NYSE:YETI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,000 shares of the company’s stock, valued at approximately $1,040,000. YETI accounts for 3.0% of Future Fund LLC’s portfolio, making the stock its 16th biggest position.

Several other hedge funds have also recently made changes to their positions in YETI. Allworth Financial LP boosted its holdings in YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after purchasing an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of YETI during the 3rd quarter valued at $38,000. Blue Trust Inc. lifted its holdings in shares of YETI by 38.4% during the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after buying an additional 333 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of YETI by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after buying an additional 280 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of YETI by 364.3% in the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock worth $73,000 after acquiring an additional 1,479 shares during the period.

YETI Stock Up 2.0 %

YETI opened at $35.67 on Monday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The firm’s fifty day moving average is $37.22 and its 200 day moving average is $38.77. YETI Holdings, Inc. has a fifty-two week low of $33.36 and a fifty-two week high of $45.25.

YETI (NYSE:YETI) last announced 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). YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $555.37 million during the quarter, compared to analysts’ expectations of $554.08 million. On average, sell-side analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on YETI shares. Morgan Stanley lowered their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Canaccord Genuity Group lowered 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 dropped their price objective on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. KeyCorp reduced their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Finally, TD Cowen dropped their price target on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.