Royce & Associates LP Grows Position in YETI Holdings, Inc. (NYSE:YETI)

Royce & Associates LP increased 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 Form 13F filing with the Securities & Exchange Commission. The firm owned 678,045 shares of the company's stock after purchasing an additional 92,074 shares during the period. Royce & Associates LP owned 0.80% of YETI worth $26,112,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YETI. Los Angeles Capital Management LLC purchased a new stake in YETI in the third quarter worth $264,000. KBC Group NV boosted its holdings in YETI by 25.4% in the third quarter. KBC Group NV now owns 2,871 shares of the company's stock worth $118,000 after acquiring an additional 582 shares in the last quarter. ING Groep NV bought a new stake in YETI in the third quarter worth $1,887,000. Thrivent Financial for Lutherans boosted its holdings in YETI by 29.9% in the third quarter. Thrivent Financial for Lutherans now owns 26,747 shares of the company's stock worth $1,097,000 after acquiring an additional 6,152 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in YETI by 271.6% in the third quarter. Quest Partners LLC now owns 8,283 shares of the company's stock worth $340,000 after acquiring an additional 6,054 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have commented on YETI. Stifel Nicolaus dropped their target price on YETI from $45.00 to $40.00 and set a "hold" rating on the stock in a report on Friday, February 14th. UBS Group lowered their price target on YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Morgan Stanley lowered their price target on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Canaccord Genuity Group lowered their price target on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Finally, KeyCorp lowered their price target on YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $44.77.

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YETI Price Performance

Shares of NYSE:YETI traded up $0.26 during trading on Tuesday, hitting $34.26. 1,596,081 shares of the company's stock were exchanged, compared to its average volume of 1,706,501. 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 52-week low of $31.48 and a 52-week high of $45.25. The business's 50-day simple moving average is $36.64 and its 200 day simple moving average is $38.47. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI - Get Free Report) last released 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). The firm had revenue of $555.37 million for the quarter, compared to analysts' expectations of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. As a group, equities analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

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.