Brown Advisory Inc. Has $35.67 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Brown Advisory Inc. raised its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,077,716 shares of the company's stock after purchasing an additional 26,156 shares during the quarter. Brown Advisory Inc. owned 1.30% of YETI worth $35,672,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in YETI in the fourth quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in YETI during the 4th quarter worth approximately $45,000. GeoWealth Management LLC acquired a new stake in YETI during the 4th quarter valued at $48,000. Jones Financial Companies Lllp raised its position in YETI by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock valued at $59,000 after purchasing an additional 280 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in YETI in the fourth quarter worth $70,000.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on YETI. Robert W. Baird cut their price target on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group reduced their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley increased their price target on shares of YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Finally, Stifel Nicolaus decreased their price objective on YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $39.40.

YETI Trading Down 2.4%

NYSE YETI traded down $0.80 during trading on Friday, reaching $32.08. 1,174,533 shares of the stock traded hands, compared to its average volume of 1,835,438. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The company has a quick ratio of 1.47, a current ratio of 2.58 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 2.77 and a beta of 1.85. The stock's 50-day moving average price is $30.87 and its 200 day moving average price is $33.19.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $351.13 million during the quarter, compared to analyst estimates of $347.72 million. YETI had a net margin of 9.59% and a return on equity of 26.48%. The firm's revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. Analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

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.