Empowered Funds LLC Acquires New Position in YETI Holdings, Inc. (NYSE:YETI)

Empowered Funds LLC bought a new stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,262 shares of the company's stock, valued at approximately $357,000.

Other institutional investors also recently made changes to their positions in the company. WCM Investment Management LLC increased its holdings in shares of YETI by 655.4% in the 3rd quarter. WCM Investment Management LLC now owns 508,882 shares of the company's stock worth $20,701,000 after acquiring an additional 441,516 shares during the period. Swedbank AB acquired a new stake in shares of YETI in the fourth quarter valued at approximately $7,702,000. Retirement Systems of Alabama raised 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. Congress Asset Management Co. boosted its position in shares of YETI by 18.3% during the third quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company's stock worth $43,929,000 after buying an additional 165,458 shares during the period. Finally, Verition Fund Management LLC grew its holdings in 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 buying an additional 164,404 shares in the last quarter.

YETI Price Performance

Shares of NYSE YETI traded down $0.09 during mid-day trading on Friday, reaching $36.83. The company had a trading volume of 1,586,870 shares, compared to its average volume of 1,686,293. The company has a 50-day moving average price of $38.26 and a two-hundred day moving average price of $39.13. The stock has a market cap of $3.12 billion, a PE ratio of 17.88, a P/E/G ratio of 1.05 and a beta of 2.13. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $45.25.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Stifel Nicolaus reduced their price target on YETI from $45.00 to $40.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Morgan Stanley reduced their price objective on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Piper Sandler reissued an "overweight" rating and set a $54.00 target price (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Canaccord Genuity Group reduced their price target on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Finally, Bank of America lowered shares of YETI from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.