Atria Investments Inc Buys 328 Shares of YETI Holdings, Inc. (NYSE:YETI)

Atria Investments Inc grew its stake in YETI Holdings, Inc. (NYSE:YETI) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,110 shares of the company’s stock after acquiring an additional 328 shares during the quarter. Atria Investments Inc’s holdings in YETI were worth $312,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of YETI by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after acquiring an additional 7,382 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of YETI by 5.6% in the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company’s stock worth $43,557,000 after purchasing an additional 60,407 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of YETI by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company’s stock worth $31,994,000 after purchasing an additional 5,987 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of YETI by 7.0% during the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock valued at $33,242,000 after purchasing an additional 53,023 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of YETI by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock valued at $29,790,000 after buying an additional 39,709 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Canaccord Genuity Group decreased their target price on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. KeyCorp decreased their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus lowered 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. Morgan Stanley cut their target price on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.77.

YETI Price Performance

Shares of YETI stock opened at $34.05 on Tuesday. The stock’s fifty day moving average is $36.64 and its 200 day moving average is $38.47. YETI Holdings, Inc. has a one year low of $31.48 and a one year high of $45.25. 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 $2.80 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The company had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. Sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share 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.