Envestnet Asset Management Inc. Purchases 98,884 Shares of YETI Holdings, Inc. (NYSE:YETI)

Envestnet Asset Management Inc. lifted its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 44.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 321,065 shares of the company's stock after acquiring an additional 98,884 shares during the quarter. Envestnet Asset Management Inc. owned about 0.39% of YETI worth $10,627,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in YETI. Aster Capital Management DIFC Ltd bought a new position in YETI during the 4th quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd acquired a new position in YETI during the fourth quarter valued at approximately $45,000. GeoWealth Management LLC bought a new stake in shares of YETI in the 4th quarter valued at about $48,000. Headlands Technologies LLC bought a new position in YETI in the 4th quarter valued at about $70,000. Finally, Meeder Asset Management Inc. bought a new position in YETI during the fourth quarter worth about $77,000.

YETI Stock Up 5.7%

Shares of NYSE YETI traded up $2.06 during mid-day trading on Tuesday, reaching $37.89. 3,846,519 shares of the company traded hands, compared to its average volume of 1,868,475. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The stock has a market cap of $3.14 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 3.02 and a beta of 1.85. The company's fifty day moving average is $31.41 and its two-hundred day moving average is $32.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 2.58.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The company had revenue of $351.13 million for the quarter, compared to analyst estimates of $347.72 million. YETI had a return on equity of 26.48% and a net margin of 9.59%. YETI's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. On average, analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Robert W. Baird dropped 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. 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 report on Friday, May 9th. UBS Group increased their price target on shares of YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Raymond James Financial lowered their price objective on YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, The Goldman Sachs Group cut their target price on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Ten 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 an average price target of $39.67.

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.