Congress Asset Management Co. Acquires 86,906 Shares of YETI Holdings, Inc. (NYSE:YETI)

Congress Asset Management Co. boosted its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 7.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,217,966 shares of the company's stock after purchasing an additional 86,906 shares during the period. Congress Asset Management Co. owned approximately 1.47% of YETI worth $40,315,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after purchasing an additional 467 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of YETI in the fourth quarter worth $44,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of YETI in the fourth quarter worth $45,000. GeoWealth Management LLC acquired a new stake in shares of YETI in the fourth quarter worth $48,000. Finally, Blue Trust Inc. boosted its position in shares of YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after buying an additional 333 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group decreased their target price on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus decreased their target price on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Morgan Stanley raised their target price on YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, UBS Group decreased their target price on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $39.40.

YETI Stock Up 0.7%

NYSE:YETI traded up $0.21 during trading hours on Friday, reaching $31.60. The company's stock had a trading volume of 1,311,849 shares, compared to its average volume of 1,784,305. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.05 and a beta of 1.88. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The business's 50-day moving average is $29.65 and its 200-day moving average is $34.93. 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 issued its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The firm had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. YETI's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. Equities research analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current 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.