YETI Holdings, Inc. (NYSE:YETI) Stake Increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 364.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 55,610 shares of the company's stock after buying an additional 43,636 shares during the period. Crossmark Global Holdings Inc. owned 0.07% of YETI worth $1,841,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of YETI. Wasatch Advisors LP boosted its position in shares of YETI by 0.9% in the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock worth $212,924,000 after acquiring an additional 51,443 shares during the last quarter. Wellington Management Group LLP raised its stake in YETI by 15.9% during the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock worth $137,114,000 after purchasing an additional 489,063 shares during the period. Gates Capital Management Inc. purchased a new position in YETI during the fourth quarter worth approximately $135,356,000. Dimensional Fund Advisors LP boosted its holdings in shares of YETI by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock valued at $57,812,000 after purchasing an additional 22,123 shares during the last quarter. Finally, Congress Asset Management Co. grew its stake in shares of YETI by 7.7% during the 1st quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company's stock valued at $40,315,000 after buying an additional 86,906 shares during the period.

YETI Stock Down 2.4%

YETI traded down $0.80 during trading hours on Friday, reaching $32.08. 1,174,533 shares of the stock traded hands, compared to its average volume of 1,832,053. 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 market cap of $2.66 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.84 and a beta of 1.85. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.58 and a quick ratio of 1.47. The firm's fifty day simple moving average is $30.87 and its two-hundred day simple moving average is $33.23.

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

Wall Street Analyst Weigh In

YETI has been the topic of several research reports. Raymond James Financial cut their target price on YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. UBS Group reduced their price objective on YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Piper Sandler decreased their target price on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, May 5th. The Goldman Sachs Group cut their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Robert W. Baird reduced their price target on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, YETI presently has a consensus rating of "Hold" and an average target price of $39.40.

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.