YETI Holdings, Inc. (NYSE:YETI) Stock Position Raised by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 237,967 shares of the company’s stock after purchasing an additional 669 shares during the period. Rhumbline Advisers owned 0.28% of YETI worth $9,164,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of YETI by 265.8% during the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after purchasing an additional 630 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in YETI during the third quarter worth $38,000. Versant Capital Management Inc boosted its stake 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. Quarry LP increased its holdings in YETI by 209.8% in the 3rd quarter. Quarry LP now owns 1,927 shares of the company’s stock valued at $79,000 after buying an additional 1,305 shares during the period. Finally, Covestor Ltd raised its stake in shares of YETI by 13.5% in the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock valued at $118,000 after buying an additional 343 shares in the last quarter.

YETI Trading Up 0.8 %

YETI opened at $37.12 on Tuesday. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $45.25. The stock has a market capitalization of $3.15 billion, a PE ratio of 18.02, a PEG ratio of 1.05 and a beta of 2.14. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $37.99 and a two-hundred day moving average price of $39.10.

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 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 during the quarter, compared to analyst estimates of $554.08 million. As a group, equities analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley dropped 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 report on Friday, February 14th. TD Cowen dropped their target price on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. KeyCorp cut their target price on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Bank of America cut YETI from a “buy” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. Finally, Piper Sandler reissued an “overweight” rating and set a $54.00 price objective (down from $55.00) on shares of YETI in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.