Van Berkom & Associates Inc. decreased its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,849,671 shares of the company's stock after selling 99,082 shares during the quarter. YETI accounts for approximately 2.1% of Van Berkom & Associates Inc.'s portfolio, making the stock its 27th largest position. Van Berkom & Associates Inc. owned about 2.18% of YETI worth $71,231,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Allworth Financial LP grew its stake in YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $25,000 after buying an additional 467 shares in the last quarter. Blue Trust Inc. grew its position in YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company's stock worth $33,000 after acquiring an additional 630 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in YETI in the third quarter worth $38,000. Exchange Traded Concepts LLC raised its position in YETI by 48.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company's stock valued at $63,000 after purchasing an additional 500 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in YETI by 364.3% during the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company's stock valued at $73,000 after purchasing an additional 1,479 shares in the last quarter.
YETI Trading Up 0.8 %
YETI traded up $0.29 during midday trading on Tuesday, reaching $37.39. 589,804 shares of the company's stock traded hands, compared to its average volume of 1,666,591. YETI Holdings, Inc. has a 52 week low of $33.41 and a 52 week high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The firm has a fifty day moving average of $37.99 and a two-hundred day moving average of $39.10. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.05 and a beta of 2.14.
YETI (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The business had revenue of $555.37 million for 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%. On average, equities analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on YETI. Stifel Nicolaus cut their price objective on YETI from $45.00 to $40.00 and set a "hold" rating for the company in a report on Friday, February 14th. UBS Group cut their target price on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Bank of America downgraded shares of YETI from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. Morgan Stanley reduced their target price 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. Finally, KeyCorp decreased their target price on shares of YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $44.77.
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About YETI
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Free Report)
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.
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