Gates Capital Management Inc. Invests $135.36 Million in YETI Holdings, Inc. (NYSE:YETI)

Gates Capital Management Inc. bought a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,514,819 shares of the company's stock, valued at approximately $135,356,000. YETI accounts for about 2.5% of Gates Capital Management Inc.'s investment portfolio, making the stock its 10th biggest holding. Gates Capital Management Inc. owned about 4.14% of YETI as of its most recent filing with the Securities & Exchange Commission.

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Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP increased its position in YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $25,000 after purchasing an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI in the third quarter worth $38,000. Aster Capital Management DIFC Ltd purchased a new position in shares of YETI in the 4th quarter valued at $44,000. Pilgrim Partners Asia Pte Ltd purchased a new position in YETI in the fourth quarter valued at about $45,000. Finally, Blue Trust Inc. boosted its position in shares of YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after buying an additional 333 shares during the period.

YETI Price Performance

NYSE YETI opened at $28.14 on Friday. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The firm has a market capitalization of $2.33 billion, a PE ratio of 13.66, a P/E/G ratio of 1.05 and a beta of 1.91. The company's 50 day simple moving average is $30.85 and its 200 day simple moving average is $35.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36.

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YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. YETI had a net margin of 9.60% and a return on equity of 28.23%. The company had revenue of $351.13 million during the quarter, compared to the consensus estimate of $347.72 million. During the same period in the prior year, the company earned $0.34 EPS. YETI's revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on YETI shares. Morgan Stanley boosted their price target on YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday. Canaccord Genuity Group lowered their target price on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, February 14th. UBS Group reduced their price target on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group cut their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Robert W. Baird decreased their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $39.40.

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Get Our Latest Stock Analysis on YETI

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.

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