8,571 Shares in YETI Holdings, Inc. (NYSE:YETI) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in YETI Holdings, Inc. (NYSE:YETI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,571 shares of the company’s stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors have also modified their holdings of YETI. JPMorgan Chase & Co. raised its stake in YETI by 16.7% in the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock valued at $17,922,000 after buying an additional 62,619 shares in the last quarter. Truist Financial Corp raised its position in shares of YETI by 304.2% during the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock worth $1,098,000 after acquiring an additional 21,450 shares in the last quarter. Algert Global LLC lifted its stake in 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 purchasing an additional 38,793 shares during the last quarter. Point72 Hong Kong Ltd increased its stake in YETI by 3,094.3% in the third quarter. Point72 Hong Kong Ltd now owns 79,090 shares of the company’s stock valued at $3,245,000 after purchasing an additional 76,614 shares during the last quarter. Finally, Chase Investment Counsel Corp acquired a new stake in YETI during the fourth quarter worth approximately $1,463,000.

YETI Trading Up 0.7 %

Shares of YETI stock opened at $33.92 on Friday. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. YETI Holdings, Inc. has a 52-week low of $31.48 and a 52-week high of $45.25. The company’s 50-day simple moving average is $36.11 and its 200-day simple moving average is $38.22. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last issued its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

YETI has been the topic of a number of recent analyst reports. UBS Group dropped their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Canaccord Genuity Group cut their target price on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. KeyCorp decreased their target price on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus cut their price target on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley decreased their price objective on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. One investment 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 MarketBeat.com, YETI has an average rating of “Hold” and a consensus price target of $44.77.

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.