YETI Holdings, Inc. (NYSE:YETI) Shares Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC increased its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 331,806 shares of the company's stock after purchasing an additional 19,888 shares during the period. Empower Advisory Group LLC owned approximately 0.39% of YETI worth $12,778,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Truist Financial Corp boosted its holdings in YETI by 304.2% during the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company's stock valued at $1,098,000 after acquiring an additional 21,450 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of YETI in the fourth quarter valued at approximately $253,000. State of New Jersey Common Pension Fund D grew its holdings in shares of YETI by 14.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 55,227 shares of the company's stock valued at $2,127,000 after purchasing an additional 6,776 shares in the last quarter. Allworth Financial LP grew its holdings in shares of YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after purchasing an additional 467 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in YETI by 305.5% during the 4th quarter. Principal Securities Inc. now owns 5,421 shares of the company's stock worth $209,000 after buying an additional 4,084 shares in the last quarter.

YETI Stock Down 0.2 %

YETI stock traded down $0.09 during midday trading on Friday, reaching $36.83. 1,586,870 shares of the company were exchanged, compared to its average volume of 1,686,293. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.05 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $45.25. The stock's 50-day simple moving average is $38.11 and its 200 day simple moving average is $39.13.

YETI (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The company had revenue of $555.37 million during the quarter, compared to analysts' expectations of $554.08 million. On average, equities analysts forecast that YETI Holdings, Inc. will post 2.59 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on YETI shares. Piper Sandler restated an "overweight" rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. UBS Group lowered their target price on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Canaccord Genuity Group cut their price target on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. KeyCorp decreased their price objective on YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Finally, Bank of America lowered shares of YETI from a "buy" rating to a "neutral" rating and cut their target price for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, YETI presently has an average rating of "Hold" and a consensus target price 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.