Proficio Capital Partners LLC Takes Position in YETI Holdings, Inc. (NYSE:YETI)

Proficio Capital Partners LLC acquired a new stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 35,391 shares of the company's stock, valued at approximately $1,363,000.

Several other large investors have also modified their holdings of YETI. Geode Capital Management LLC raised its stake 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 purchasing an additional 7,382 shares during the period. Congress Asset Management Co. raised its holdings in shares of YETI by 5.6% in the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company's stock worth $43,557,000 after purchasing an additional 60,407 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of YETI by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company's stock valued at $31,994,000 after purchasing an additional 5,987 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of YETI by 7.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company's stock worth $33,242,000 after purchasing an additional 53,023 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 39,709 shares in the last quarter.

YETI Stock Performance

YETI stock traded down $0.39 during trading on Monday, reaching $34.39. 2,137,316 shares of the company's stock were exchanged, compared to its average volume of 1,588,575. The firm has a market cap of $2.83 billion, a PE ratio of 16.70, a P/E/G ratio of 1.05 and a beta of 2.15. 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 Holdings, Inc. has a 1-year low of $31.48 and a 1-year high of $45.25. The company's fifty day moving average price is $36.38 and its 200-day moving average price is $38.33.

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YETI (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The company had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. On average, research analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.