Royce & Associates LP Purchases 92,074 Shares of YETI Holdings, Inc. (NYSE:YETI)

Royce & Associates LP lifted its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 678,045 shares of the company's stock after acquiring an additional 92,074 shares during the period. Royce & Associates LP owned about 0.80% of YETI worth $26,112,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp lifted 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 acquiring an additional 280 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of YETI by 6.7% in the fourth 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 in the last quarter. Atria Investments Inc boosted its holdings in shares of YETI by 4.2% during the fourth 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. grew 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 purchasing an additional 332 shares in the last quarter. 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 valued at $49,000 after buying an additional 333 shares during the period.

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YETI Price Performance

Shares of YETI stock traded up $1.88 during midday trading on Monday, reaching $34.05. The company had a trading volume of 3,096,489 shares, compared to its average volume of 1,561,224. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. 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 has a fifty day simple moving average of $36.64 and a 200 day simple moving average of $38.47. YETI Holdings, Inc. has a 1-year low of $31.48 and a 1-year high of $45.25.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. As a group, equities research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Canaccord Genuity Group lowered their price target on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Morgan Stanley lowered 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 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 lowered 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. Finally, Stifel Nicolaus cut their price objective on shares of YETI from $45.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $44.77.

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.