Bank of New York Mellon Corp Has $31.99 Million Stake in YETI Holdings, Inc. (NYSE:YETI)

Bank of New York Mellon Corp raised its position in YETI Holdings, Inc. (NYSE:YETI) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 830,807 shares of the company’s stock after purchasing an additional 5,987 shares during the period. Bank of New York Mellon Corp owned 0.98% of YETI worth $31,994,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Impax Asset Management Group plc acquired a new position in shares of YETI during the 4th quarter valued at $609,000. Union Bancaire Privee UBP SA acquired a new position in shares of YETI during the 4th quarter valued at $1,777,000. Leeward Investments LLC MA increased its stake in YETI by 8.1% during the 4th quarter. Leeward Investments LLC MA now owns 115,660 shares of the company’s stock valued at $4,454,000 after purchasing an additional 8,656 shares in the last quarter. Olympiad Research LP bought a new stake in YETI during the 4th quarter valued at $351,000. Finally, Venturi Wealth Management LLC increased its stake in YETI by 481.8% during the 4th quarter. Venturi Wealth Management LLC now owns 2,723 shares of the company’s stock valued at $105,000 after purchasing an additional 2,255 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on YETI. Morgan Stanley decreased their price target on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Stifel Nicolaus decreased their price target on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, February 14th. KeyCorp decreased their price target on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. 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 note on Friday, February 14th. Finally, UBS Group decreased their price target 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.77.

YETI Price Performance

NYSE YETI opened at $35.67 on Friday. YETI Holdings, Inc. has a 52 week low of $33.36 and a 52 week high of $45.25. The company has a market cap of $2.94 billion, a PE ratio of 17.31, a price-to-earnings-growth 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. The firm’s 50-day simple moving average is $37.22 and its two-hundred day simple moving average is $38.79.

YETI (NYSE:YETI) last announced its quarterly 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 return on equity of 28.23% and a net margin of 9.60%. The firm had revenue of $555.37 million during the quarter, compared to analysts’ expectations of $554.08 million. Research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

YETI Company 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.