Brown Advisory Inc. Makes New Investment in YETI Holdings, Inc. (NYSE:YETI)

Brown Advisory Inc. purchased a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,051,560 shares of the company's stock, valued at approximately $40,496,000. Brown Advisory Inc. owned 1.24% of YETI as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of YETI during the third quarter worth $38,000. Franklin Resources Inc. acquired a new position in YETI in the third quarter valued at about $626,000. JPMorgan Chase & Co. increased its holdings in shares of YETI by 16.7% in the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company's stock worth $17,922,000 after acquiring an additional 62,619 shares in the last quarter. Versant Capital Management Inc raised its position in shares of 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 purchasing an additional 1,479 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in shares of YETI by 8.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 40,092 shares of the company's stock valued at $1,544,000 after purchasing an additional 3,262 shares during the period.

YETI Trading Down 1.3 %

YETI stock opened at $28.46 on Tuesday. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. The company has a fifty day moving average price of $31.41 and a two-hundred day moving average price of $36.07. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $554.08 million. Equities analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group reduced their target price 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. Morgan Stanley decreased their price objective on YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Piper Sandler reduced their price target on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday. Stifel Nicolaus decreased their price target on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group reduced their target price on shares of YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $41.13.

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.

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