Envestnet Asset Management Inc. Has $8.56 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Envestnet Asset Management Inc. boosted its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 196.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 222,181 shares of the company's stock after acquiring an additional 147,138 shares during the period. Envestnet Asset Management Inc. owned 0.26% of YETI worth $8,556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after purchasing an additional 280 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in YETI by 6.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company's stock valued at $179,000 after purchasing an additional 290 shares in the last quarter. Atria Investments Inc lifted its stake in shares of YETI by 4.2% during the 4th quarter. Atria Investments Inc now owns 8,110 shares of the company's stock valued at $312,000 after buying an additional 328 shares in the last quarter. Pacer Advisors Inc. increased its stake in YETI by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company's stock worth $487,000 after buying an additional 332 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after purchasing an additional 333 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on YETI shares. Morgan Stanley cut their target price on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group reduced their price target on YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday. Canaccord Genuity Group reduced their price target on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. UBS Group cut their price objective on YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, KeyCorp upgraded shares of YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $42.20.

YETI Stock Performance

Shares of NYSE:YETI traded up $0.73 on Thursday, hitting $28.95. The company's stock had a trading volume of 234,520 shares, compared to its average volume of 1,680,527. The stock's 50-day moving average is $32.80 and its two-hundred day moving average is $36.82. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. 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 (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The firm had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. On average, equities research analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current year.

YETI 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.