Congress Wealth Management LLC DE Has $4.76 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Congress Wealth Management LLC DE raised its stake in YETI Holdings, Inc. (NYSE:YETI) by 6.7% during the 1st quarter, Holdings Channel reports. The fund owned 123,590 shares of the company’s stock after acquiring an additional 7,769 shares during the period. Congress Wealth Management LLC DE’s holdings in YETI were worth $4,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Chatham Capital Group Inc. increased its position in YETI by 11.2% during the first quarter. Chatham Capital Group Inc. now owns 48,959 shares of the company’s stock worth $1,887,000 after acquiring an additional 4,935 shares during the period. Bridge City Capital LLC increased its holdings in shares of YETI by 0.8% during the first quarter. Bridge City Capital LLC now owns 50,276 shares of the company’s stock worth $1,938,000 after purchasing an additional 393 shares during the period. Congress Asset Management Co. MA raised its position in shares of YETI by 7.7% in the first quarter. Congress Asset Management Co. MA now owns 790,900 shares of the company’s stock valued at $30,489,000 after buying an additional 56,881 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of YETI by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 8,209,349 shares of the company’s stock valued at $425,080,000 after buying an additional 126,154 shares during the period. Finally, Pineridge Advisors LLC acquired a new stake in YETI during the fourth quarter worth approximately $110,000.

YETI Trading Down 3.3 %

Shares of YETI traded down $1.25 during mid-day trading on Monday, reaching $36.90. 2,035,815 shares of the company were exchanged, compared to its average volume of 1,653,107. The business has a 50 day simple moving average of $39.22 and a two-hundred day simple moving average of $41.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.14 and a current ratio of 2.35. The stock has a market capitalization of $3.15 billion, a PE ratio of 18.36, a PEG ratio of 1.15 and a beta of 2.19. YETI Holdings, Inc. has a 52 week low of $33.88 and a 52 week high of $54.15.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07. YETI had a net margin of 10.32% and a return on equity of 28.81%. The firm had revenue of $341.39 million during the quarter, compared to analyst estimates of $333.79 million. On average, analysts predict that YETI Holdings, Inc. will post 2.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on YETI shares. B. Riley cut their target price on YETI from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. TD Cowen upped their price objective on shares of YETI from $38.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, May 10th. Morgan Stanley raised their target price on shares of YETI from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Roth Mkm cut their price target on shares of YETI from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Finally, William Blair reissued an “outperform” rating on shares of YETI in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.80.

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.