Wasatch Advisors LP Raises Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Wasatch Advisors LP lifted its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,529,046 shares of the company's stock after purchasing an additional 51,443 shares during the quarter. Wasatch Advisors LP owned 6.52% of YETI worth $212,924,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Allworth Financial LP raised its stake in shares of YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $25,000 after acquiring an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in YETI during the third quarter valued at about $38,000. Aster Capital Management DIFC Ltd purchased a new position in shares of YETI in the fourth quarter worth about $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of YETI in the 4th quarter valued at about $45,000. 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.

Analyst Upgrades and Downgrades

Several brokerages recently commented on YETI. UBS Group decreased their target price on shares of YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday. Canaccord Genuity Group reduced their price objective on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Stifel Nicolaus decreased their target price on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Robert W. Baird reduced their price target on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $43.14.

YETI Stock Up 3.4 %

Shares of YETI stock traded up $0.91 during mid-day trading on Friday, hitting $27.85. The company's stock had a trading volume of 2,200,155 shares, compared to its average volume of 1,679,859. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.05 and a beta of 2.04. The business has a 50-day moving average price of $33.40 and a 200 day moving average price of $37.08. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25.

YETI (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share 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 for the quarter, compared to analysts' expectations of $554.08 million. Research analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.