First Eagle Investment Management LLC Acquires 178,300 Shares of YETI Holdings, Inc. (NYSE:YETI)

First Eagle Investment Management LLC lifted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 1,426.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 190,800 shares of the company’s stock after buying an additional 178,300 shares during the period. First Eagle Investment Management LLC’s holdings in YETI were worth $7,348,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of YETI by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after buying an additional 62,619 shares during the last quarter. Algert Global LLC increased its holdings in shares of YETI by 443.0% in the 3rd 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. Truist Financial Corp increased its holdings in shares of YETI by 304.2% in the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock worth $1,098,000 after buying an additional 21,450 shares during the last quarter. Qsemble Capital Management LP grew its holdings in YETI by 320.3% during the 3rd quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock valued at $1,090,000 after purchasing an additional 20,253 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in YETI in the third quarter worth about $1,415,000.

YETI Trading Up 0.9 %

Shares of NYSE:YETI opened at $32.21 on Friday. YETI Holdings, Inc. has a 12-month low of $31.48 and a 12-month high of $45.25. The business’s fifty day simple moving average is $36.72 and its 200-day simple moving average is $38.53. The company has a market capitalization of $2.65 billion, a PE ratio of 15.64, 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 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 return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. As a group, equities research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on YETI shares. Canaccord Genuity Group reduced their price target on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a 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 research note on Friday, February 14th. UBS Group decreased their price target on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. KeyCorp decreased their price target on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Finally, Morgan Stanley decreased their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. One investment 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, YETI has a consensus rating of “Hold” and a consensus 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.