Envestnet Asset Management Inc. Has $10.63 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Envestnet Asset Management Inc. increased its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 44.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of YETI. Wasatch Advisors LP grew its position in YETI by 0.9% during the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock valued at $212,924,000 after buying an additional 51,443 shares during the period. 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 valued at $137,114,000 after purchasing an additional 489,063 shares in the last quarter. Gates Capital Management Inc. purchased a new position in shares of YETI during the 4th quarter worth about $135,356,000. Dimensional Fund Advisors LP boosted its stake in shares of YETI by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock worth $57,812,000 after purchasing an additional 22,123 shares during the period. Finally, Congress Asset Management Co. grew its holdings in YETI by 7.7% during the 1st quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company's stock worth $40,315,000 after acquiring an additional 86,906 shares in the last quarter.

YETI Stock Up 5.2%

Shares of YETI traded up $1.95 during trading hours on Wednesday, reaching $39.78. The company's stock had a trading volume of 2,166,262 shares, compared to its average volume of 1,873,350. 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 $3.29 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 3.09 and a beta of 1.85. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. The company has a 50 day moving average of $31.62 and a two-hundred day moving average of $33.00.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. YETI had a return on equity of 26.48% and a net margin of 9.59%. YETI's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. As a group, research analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on YETI shares. Stifel Nicolaus cut their price objective on YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Raymond James Financial dropped their target price on shares of YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. KeyCorp raised shares of YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. Jefferies Financial Group reissued a "buy" rating and issued a $55.00 price target on shares of YETI in a research note on Monday, May 5th. Finally, Morgan Stanley boosted their target price on shares of YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $39.67.

About YETI

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.