Focus Partners Wealth Increases Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Focus Partners Wealth lifted its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 45.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,323 shares of the company's stock after purchasing an additional 9,815 shares during the quarter. Focus Partners Wealth's holdings in YETI were worth $1,206,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of YETI. Wasatch Advisors LP increased its stake in YETI by 0.9% during the 4th quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock valued at $212,924,000 after purchasing an additional 51,443 shares in the last quarter. Wellington Management Group LLP increased its position in shares of 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 acquiring an additional 489,063 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of YETI by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock worth $57,812,000 after acquiring an additional 22,123 shares in the last quarter. Congress Asset Management Co. lifted its position in YETI by 5.6% in the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company's stock valued at $43,557,000 after acquiring an additional 60,407 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in YETI during the 4th quarter valued at about $40,496,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on YETI. UBS Group lowered their price objective on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Canaccord Genuity Group lowered their price target on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Morgan Stanley lifted their price objective on shares of YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. The Goldman Sachs Group reduced their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group restated a "buy" rating and set a $55.00 price target on shares of YETI in a report on Monday, May 5th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $39.40.

YETI Stock Performance

Shares of YETI stock traded down $1.57 during trading hours on Wednesday, hitting $29.74. 2,384,275 shares of the company were exchanged, compared to its average volume of 1,742,838. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 1.05 and a beta of 1.91. The firm has a fifty day simple moving average of $30.51 and a 200 day simple moving average of $35.65. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25.

YETI (NYSE:YETI - Get Free Report) last released its earnings results 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. YETI had a return on equity of 28.23% and a net margin of 9.60%. The business 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 business posted $0.34 earnings per share. The business's revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

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.