Congress Wealth Management LLC DE Grows Position in YETI Holdings, Inc. (NYSE:YETI)

Congress Wealth Management LLC DE increased its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,940 shares of the company's stock after acquiring an additional 19,103 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.18% of YETI worth $5,967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YETI. Swedbank AB bought a new stake in YETI during the 4th quarter valued at $7,702,000. Retirement Systems of Alabama grew its holdings in shares of YETI by 190.3% during the fourth quarter. Retirement Systems of Alabama now owns 298,526 shares of the company's stock valued at $11,496,000 after buying an additional 195,693 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of YETI by 1,426.4% during the fourth quarter. First Eagle Investment Management LLC now owns 190,800 shares of the company's stock worth $7,348,000 after acquiring an additional 178,300 shares in the last quarter. Verition Fund Management LLC raised its holdings in shares of YETI by 855.1% in the 3rd quarter. Verition Fund Management LLC now owns 183,630 shares of the company's stock worth $7,534,000 after acquiring an additional 164,404 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in YETI in the 4th quarter valued at about $6,240,000.

YETI Stock Performance

Shares of YETI stock traded down $0.85 during trading hours on Friday, hitting $33.10. 1,263,841 shares of the company were exchanged, compared to its average volume of 1,620,179. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 1.05 and a beta of 2.15. The firm has a fifty day simple moving average of $36.02 and a 200 day simple moving average of $38.22. YETI Holdings, Inc. has a 52-week low of $31.48 and a 52-week high of $45.25.

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YETI (NYSE:YETI - Get Free Report) last released 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 firm had revenue of $555.37 million during the quarter, compared to analysts' expectations of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. Research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on YETI shares. UBS Group decreased their price objective on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a report 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 report on Wednesday, January 8th. Morgan Stanley dropped their price objective on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus reduced their target price on shares of YETI from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Finally, Canaccord Genuity Group lowered their target price on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, YETI currently has an average rating of "Hold" and a consensus price target 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.