Wedge Capital Management L L P NC Has $1.34 Million Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Wedge Capital Management L L P NC reduced its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 24.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,534 shares of the company's stock after selling 13,125 shares during the period. Wedge Capital Management L L P NC's holdings in YETI were worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Allworth Financial LP boosted its holdings in YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after purchasing an additional 467 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of YETI during the fourth quarter worth $44,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in YETI during the fourth quarter valued at about $45,000. GeoWealth Management LLC acquired a new position in shares of YETI in the fourth quarter worth about $48,000. Finally, Jones Financial Companies Lllp raised its position in shares of YETI by 22.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after purchasing an additional 280 shares during the period.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of research reports. Piper Sandler reduced their price objective on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Canaccord Genuity Group reduced their target price on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, February 14th. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. The Goldman Sachs Group reduced their price target on YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, Raymond James cut their target price on YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $39.40.

YETI Trading Down 0.5%

Shares of YETI stock traded down $0.15 on Thursday, reaching $31.36. The company had a trading volume of 398,055 shares, compared to its average volume of 1,787,232. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 1.05 and a beta of 1.88. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The firm's 50-day moving average price is $29.68 and its two-hundred day moving average price is $34.81. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly 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 net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $351.13 million during the quarter, compared to the consensus estimate of $347.72 million. During the same quarter last year, the firm earned $0.34 EPS. The business's revenue was up 2.8% compared to the same quarter last year. As a group, research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

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.