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

M&T Bank Corp acquired a new stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,915 shares of the company's stock, valued at approximately $305,000.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake in YETI by 22.5% in the 4th 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 period. Central Pacific Bank Trust Division increased its stake in 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 purchasing an additional 290 shares during the period. Atria Investments Inc increased its stake in YETI by 4.2% in the 4th quarter. Atria Investments Inc now owns 8,110 shares of the company's stock worth $312,000 after purchasing an additional 328 shares during the period. 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 purchasing an additional 332 shares during the period. Finally, Blue Trust Inc. increased its stake in YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after purchasing an additional 333 shares during the period.

YETI Stock Up 0.9 %

YETI stock traded up $0.29 during mid-day trading on Friday, hitting $32.21. The company had a trading volume of 1,589,572 shares, compared to its average volume of 1,567,494. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The stock's 50 day moving average price is $36.72 and its two-hundred day moving average price is $38.53. YETI Holdings, Inc. has a 12 month low of $31.48 and a 12 month high of $45.25. The company has a market capitalization of $2.65 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

Remove Ads

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share 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 business had revenue of $555.37 million during the quarter, compared to analysts' expectations of $554.08 million. As a group, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on YETI. Stifel Nicolaus reduced their target price on YETI from $45.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. KeyCorp reduced their target price 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 reduced their target price 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. 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 report on Thursday, January 16th. Finally, Canaccord Genuity Group dropped 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. One 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. Based on data from MarketBeat.com, YETI presently has a consensus rating of "Hold" and an average price target 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.