MetLife Investment Management LLC Acquires 4,024 Shares of YETI Holdings, Inc. (NYSE:YETI)

MetLife Investment Management LLC boosted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,939 shares of the company’s stock after acquiring an additional 4,024 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of YETI worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after acquiring an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of YETI during the third quarter worth about $38,000. Aster Capital Management DIFC Ltd bought a new stake in YETI in the 4th quarter valued at approximately $44,000. Pilgrim Partners Asia Pte Ltd acquired a new position in YETI during the 4th quarter worth approximately $45,000. Finally, GeoWealth Management LLC bought a new position in shares of YETI during the 4th quarter worth approximately $48,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on YETI shares. Stifel Nicolaus lowered their price objective on shares of YETI from $40.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Robert W. Baird lowered their price objective on shares of YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Morgan Stanley lowered their price objective on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. KeyCorp upgraded shares of YETI from an “underweight” rating to a “sector weight” rating in a report on Thursday, April 17th. Finally, UBS Group lowered their price objective on shares of YETI from $43.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.20.

YETI Trading Down 0.9 %

YETI stock opened at $28.61 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The company has a fifty day moving average price of $32.26 and a two-hundred day moving average price of $36.48. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI) last announced 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). The business had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. Equities analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current 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.