Envestnet Portfolio Solutions Inc. Purchases New Position in YETI Holdings, Inc. (NYSE:YETI)

Envestnet Portfolio Solutions Inc. purchased a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,913 shares of the company's stock, valued at approximately $343,000.

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

Analyst Upgrades and Downgrades

Several analysts have recently 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. Stifel Nicolaus lowered their price target on YETI from $45.00 to $40.00 and set a "hold" rating for the company in a report on Friday, February 14th. Morgan Stanley cut their price objective on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. KeyCorp lowered their target price on shares of YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Finally, Canaccord Genuity Group cut their price target on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $44.77.

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YETI Stock Performance

Shares of YETI stock traded up $0.06 on Monday, hitting $33.15. The company had a trading volume of 1,340,411 shares, compared to its average volume of 1,619,065. The firm has a market cap of $2.74 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. YETI Holdings, Inc. has a twelve month low of $31.48 and a twelve month high of $45.25. The company has a 50-day moving average price of $35.94 and a 200-day moving average price of $38.18. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The company 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%. As a group, equities research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

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.