Royce & Associates LP Boosts Stake in YETI Holdings, Inc. (NYSE:YETI)

Royce & Associates LP raised its position in YETI Holdings, Inc. (NYSE:YETI) by 15.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 678,045 shares of the company’s stock after buying an additional 92,074 shares during the period. Royce & Associates LP owned approximately 0.80% of YETI worth $26,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YETI. Los Angeles Capital Management LLC bought a new position in shares of YETI during the third quarter worth about $264,000. KBC Group NV lifted its position in shares of YETI by 25.4% during the third quarter. KBC Group NV now owns 2,871 shares of the company’s stock worth $118,000 after purchasing an additional 582 shares during the last quarter. ING Groep NV bought a new position in shares of YETI during the third quarter worth about $1,887,000. Thrivent Financial for Lutherans lifted its position in shares of YETI by 29.9% during the third quarter. Thrivent Financial for Lutherans now owns 26,747 shares of the company’s stock worth $1,097,000 after purchasing an additional 6,152 shares during the last quarter. Finally, Quest Partners LLC lifted its position in shares of YETI by 271.6% during the third quarter. Quest Partners LLC now owns 8,283 shares of the company’s stock worth $340,000 after purchasing an additional 6,054 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on YETI. Morgan Stanley dropped their price objective on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. UBS Group dropped their price objective on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus dropped their price objective on shares of YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Canaccord Genuity Group dropped their price objective on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, KeyCorp dropped their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. One equities research 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.com, the stock has a consensus rating of “Hold” and an average price target of $44.77.

YETI Trading Up 0.9 %

YETI stock opened at $32.21 on Monday. The firm has a 50 day simple moving average of $36.72 and a 200-day simple moving average of $38.52. 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 stock has a market capitalization of $2.65 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. YETI Holdings, Inc. has a 12-month low of $31.48 and a 12-month high of $45.25.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (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 net margin of 9.60% and a return on equity of 28.23%. As a group, equities research analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal 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.