M&T Bank Corp Acquires New Stake in YETI Holdings, Inc. (NYSE:YETI)

M&T Bank Corp purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,915 shares of the company's stock, valued at approximately $305,000.

Several other institutional investors also recently modified their holdings of the stock. Atria Investments Inc increased its holdings in YETI by 4.2% in the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company's stock valued at $312,000 after purchasing an additional 328 shares during the period. Assetmark Inc. grew its holdings in YETI by 8.1% during the 4th quarter. Assetmark Inc. now owns 5,853 shares of the company's stock worth $225,000 after acquiring an additional 438 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in YETI by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company's stock worth $29,790,000 after acquiring an additional 39,709 shares during the period. Mission Wealth Management LP grew its holdings in YETI by 33.2% during the 4th quarter. Mission Wealth Management LP now owns 9,395 shares of the company's stock worth $362,000 after acquiring an additional 2,344 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in YETI by 22.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after acquiring an additional 280 shares during the period.

YETI Stock Up 0.9 %

Shares of NYSE YETI traded up $0.29 during mid-day trading on Friday, hitting $32.21. 1,589,572 shares of the stock traded hands, compared to its average volume of 1,570,470. 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 52 week low of $31.48 and a 52 week high of $45.25. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.05 and a beta of 2.15. The stock has a fifty day moving average price of $36.72 and a 200-day moving average price of $38.54.

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YETI (NYSE:YETI - Get Free Report) last released 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). 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 the consensus estimate of $554.08 million. Research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on YETI shares. 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 research report on Friday, February 14th. UBS Group cut their price target on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. KeyCorp cut their price target on YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Canaccord Genuity Group cut their price target on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Finally, Stifel Nicolaus cut their price target on YETI from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Friday, February 14th. One 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's stock. According to MarketBeat, the stock 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.