Wealth Enhancement Advisory Services LLC Increases Position in YETI Holdings, Inc. (NYSE:YETI)

Wealth Enhancement Advisory Services LLC increased its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 1,239.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,436 shares of the company's stock after purchasing an additional 69,806 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.09% of YETI worth $2,497,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Wasatch Advisors LP increased its holdings in shares of YETI by 0.9% in 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 holdings in YETI by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock valued at $137,114,000 after acquiring an additional 489,063 shares in the last quarter. Gates Capital Management Inc. purchased a new position in YETI during the 4th quarter valued at about $135,356,000. Dimensional Fund Advisors LP increased its holdings in YETI by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock valued at $57,812,000 after acquiring an additional 22,123 shares in the last quarter. Finally, Congress Asset Management Co. increased 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 valued at $40,315,000 after acquiring an additional 86,906 shares in the last quarter.

YETI Price Performance

YETI opened at $30.62 on Friday. The company's 50 day simple moving average is $30.07 and its 200 day simple moving average is $33.80. 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 Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The stock has a market capitalization of $2.54 billion, a PE ratio of 14.72, a P/E/G ratio of 2.64 and a beta of 1.88.

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 the consensus estimate of $0.27 by $0.04. YETI had a net margin of 9.59% and a return on equity of 26.48%. The business had revenue of $351.13 million for the quarter, compared to analysts' expectations of $347.72 million. During the same period last year, the company earned $0.34 earnings per share. The company's quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Ratings Changes

YETI has been the subject of several recent research reports. The Goldman Sachs Group dropped their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Raymond James Financial dropped their target price on shares of YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Piper Sandler dropped their target price on shares of YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, May 5th. UBS Group dropped their target price on shares of YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, Jefferies Financial Group restated a "buy" rating and set a $55.00 target price on shares of YETI in a report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $39.40.

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.

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