YETI Holdings, Inc. (NYSE:YETI) Shares Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC increased its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 79,018 shares of the company’s stock after acquiring an additional 1,210 shares during the quarter. Wedge Capital Management L L P NC’s holdings in YETI were worth $4,092,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YETI. CWM LLC increased its position in YETI by 42.9% during the third quarter. CWM LLC now owns 2,183 shares of the company’s stock worth $105,000 after purchasing an additional 655 shares during the last quarter. AE Wealth Management LLC acquired a new stake in shares of YETI during the third quarter valued at about $216,000. SG Americas Securities LLC increased its position in shares of YETI by 88.5% during the third quarter. SG Americas Securities LLC now owns 5,566 shares of the company’s stock valued at $268,000 after acquiring an additional 2,613 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of YETI during the third quarter valued at about $448,000. Finally, L. Roy Papp & Associates LLP increased its position in shares of YETI by 3.0% during the third quarter. L. Roy Papp & Associates LLP now owns 44,356 shares of the company’s stock valued at $2,139,000 after acquiring an additional 1,290 shares during the last quarter.

YETI Stock Down 1.6 %

Shares of YETI stock opened at $35.68 on Thursday. YETI Holdings, Inc. has a 52-week low of $34.70 and a 52-week high of $54.15. The company has a 50 day moving average of $38.56 and a 200 day moving average of $42.74. The company has a quick ratio of 1.45, a current ratio of 2.30 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.04 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.42 and a beta of 2.29.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The company had revenue of $519.79 million for the quarter, compared to analyst estimates of $535.99 million. During the same period in the previous year, the business posted $0.75 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts forecast that YETI Holdings, Inc. will post 2.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on YETI. Raymond James dropped their price target on shares of YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Canaccord Genuity Group lowered their price objective on shares of YETI from $41.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, April 5th. KeyCorp raised their price objective on shares of YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a research note on Friday, January 12th. B. Riley reissued a “neutral” rating and issued a $42.00 price objective on shares of YETI in a research note on Friday, February 16th. Finally, Canaccord Genuity Group lowered shares of YETI from a “buy” rating to a “hold” rating and raised their price objective for the company from $49.00 to $50.00 in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $48.29.

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.