Magnetar Financial LLC Invests $1.99 Million in YETI Holdings, Inc. (NYSE:YETI)

Magnetar Financial LLC bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,537 shares of the company’s stock, valued at approximately $1,987,000. Magnetar Financial LLC owned 0.06% of YETI as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC raised its holdings in YETI by 1.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 22,485 shares of the company’s stock worth $1,164,000 after purchasing an additional 239 shares in the last quarter. Retirement Systems of Alabama raised its holdings in YETI by 0.3% during the first quarter. Retirement Systems of Alabama now owns 109,066 shares of the company’s stock worth $4,204,000 after purchasing an additional 288 shares in the last quarter. SG Americas Securities LLC raised its holdings in YETI by 5.8% during the fourth quarter. SG Americas Securities LLC now owns 5,890 shares of the company’s stock worth $305,000 after purchasing an additional 324 shares in the last quarter. KLR Investment Advisors LLC raised its holdings in YETI by 5.9% during the fourth quarter. KLR Investment Advisors LLC now owns 6,421 shares of the company’s stock worth $332,000 after purchasing an additional 355 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in YETI by 27.0% during the fourth quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock worth $90,000 after purchasing an additional 368 shares in the last quarter.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. TD Cowen increased their target price on shares of YETI from $38.00 to $43.00 and gave the company a “hold” rating in a report on Friday, May 10th. Canaccord Genuity Group increased their target price on shares of YETI from $40.00 to $42.00 and gave the company a “hold” rating in a report on Friday, May 10th. William Blair reaffirmed an “outperform” rating on shares of YETI in a report on Wednesday, May 1st. Finally, Morgan Stanley increased their target price on shares of YETI from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.47.

YETI Trading Up 3.6 %

NYSE YETI traded up $1.36 during mid-day trading on Friday, reaching $39.09. 981,088 shares of the stock were exchanged, compared to its average volume of 1,374,795. YETI Holdings, Inc. has a 1-year low of $33.88 and a 1-year high of $54.15. The business’s fifty day simple moving average is $39.58 and its 200 day simple moving average is $39.96. The stock has a market capitalization of $3.33 billion, a PE ratio of 19.45, a PEG ratio of 1.18 and a beta of 2.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.14 and a current ratio of 2.35.

YETI (NYSE:YETI) last announced its earnings results on Thursday, May 9th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. YETI had a net margin of 10.32% and a return on equity of 28.81%. The firm had revenue of $341.39 million for the quarter, compared to analyst estimates of $333.79 million. On average, research analysts anticipate that YETI Holdings, Inc. will post 2.36 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.