Monimus Capital Management LP Takes $981,000 Position in YETI Holdings, Inc. (NYSE:YETI)

Monimus Capital Management LP purchased a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,478 shares of the company's stock, valued at approximately $981,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in YETI by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock worth $58,573,000 after acquiring an additional 7,382 shares in the last quarter. Congress Asset Management Co. lifted its holdings in YETI by 5.6% during the fourth quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company's stock worth $43,557,000 after acquiring an additional 60,407 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in YETI by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company's stock worth $31,994,000 after acquiring an additional 5,987 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in YETI by 7.0% during the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company's stock worth $33,242,000 after acquiring an additional 53,023 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of YETI by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company's stock valued at $29,790,000 after purchasing an additional 39,709 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on YETI shares. KeyCorp dropped their price target on YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley dropped their price target 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 dropped their price target on YETI from $45.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. UBS Group dropped their price target on YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group lowered their target price on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, YETI presently has an average rating of "Hold" and an average target price of $44.77.

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YETI Stock Performance

NYSE YETI traded up $0.29 during trading on Friday, reaching $32.21. 1,589,572 shares of the company's stock were exchanged, compared to its average volume of 1,567,494. The business has a 50 day moving average price of $36.72 and a 200-day moving average price of $38.52. The stock has a market capitalization of $2.65 billion, a P/E ratio of 15.64, a PEG ratio of 1.05 and a beta of 2.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. YETI Holdings, Inc. has a fifty-two week low of $31.48 and a fifty-two week high of $45.25.

YETI (NYSE:YETI - Get Free Report) last announced 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). The business had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. Sell-side analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

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.