Congress Wealth Management LLC DE Buys 19,103 Shares of YETI Holdings, Inc. (NYSE:YETI)

Congress Wealth Management LLC DE lifted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 14.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 154,940 shares of the company’s stock after acquiring an additional 19,103 shares during the quarter. Congress Wealth Management LLC DE’s holdings in YETI were worth $5,967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YETI. JPMorgan Chase & Co. lifted its position in shares of YETI by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after purchasing an additional 62,619 shares during the period. Truist Financial Corp boosted its position in YETI by 304.2% during the fourth quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock valued at $1,098,000 after acquiring an additional 21,450 shares during the last quarter. Algert Global LLC grew its holdings in YETI by 443.0% during the 3rd quarter. Algert Global LLC now owns 47,550 shares of the company’s stock worth $1,951,000 after acquiring an additional 38,793 shares during the period. Qsemble Capital Management LP raised its position in shares of YETI by 320.3% in the 3rd quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock worth $1,090,000 after acquiring an additional 20,253 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of YETI in the 3rd quarter valued at about $1,415,000.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley dropped their price target on 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 cut their target price 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. Canaccord Genuity Group decreased their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, February 14th. KeyCorp cut their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their target price on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, YETI currently has a consensus rating of “Hold” and a consensus price target of $44.77.

YETI Stock Performance

Shares of YETI stock opened at $33.85 on Wednesday. YETI Holdings, Inc. has a 12 month low of $31.48 and a 12 month high of $45.25. The firm has a market capitalization of $2.79 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The business’s fifty day simple moving average is $36.24 and its 200 day simple moving average is $38.28. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10.

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 analysts’ consensus estimates of $0.93 by ($0.06). The company had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. As a group, analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

About YETI

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.