Empowered Funds LLC Makes New Investment in YETI Holdings, Inc. (NYSE:YETI)

Empowered Funds LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,262 shares of the company’s stock, valued at approximately $357,000.

A number of other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. lifted its holdings in YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after acquiring an additional 630 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of YETI in the 3rd quarter valued at about $38,000. Exchange Traded Concepts LLC lifted its stake in shares of YETI by 48.3% in 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 during the period. Versant Capital Management Inc boosted its holdings in YETI by 364.3% during the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock worth $73,000 after buying an additional 1,479 shares in the last quarter. Finally, Quarry LP grew its position in YETI by 209.8% during the third quarter. Quarry LP now owns 1,927 shares of the company’s stock worth $79,000 after buying an additional 1,305 shares during the period.

YETI Stock Performance

NYSE:YETI opened at $36.83 on Friday. 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 market cap of $3.12 billion, a PE ratio of 17.88, a P/E/G ratio of 1.09 and a beta of 2.13. The firm has a 50 day simple moving average of $38.26 and a 200-day simple moving average of $39.13. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $45.25.

YETI (NYSE:YETI) last issued 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). YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. On average, equities analysts expect that YETI Holdings, Inc. will post 2.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group reduced their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. KeyCorp reduced their price objective on 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 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. Bank of America cut YETI from a “buy” rating to a “neutral” rating and dropped their price target for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. Finally, TD Cowen decreased their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $44.77.

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.