Gotham Asset Management LLC Takes Position in YETI Holdings, Inc. (NYSE:YETI)

Gotham Asset Management LLC purchased a new stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 75,315 shares of the company's stock, valued at approximately $2,900,000. Gotham Asset Management LLC owned about 0.09% of YETI as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YETI. Allworth Financial LP grew its stake in shares of YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $25,000 after acquiring an additional 467 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in YETI during the fourth quarter worth $44,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in YETI during the fourth quarter worth $45,000. GeoWealth Management LLC acquired a new stake in YETI during the fourth quarter worth $48,000. Finally, Blue Trust Inc. boosted its stake in YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after buying an additional 333 shares in the last quarter.

YETI Price Performance

Shares of YETI stock traded down $0.57 during trading on Monday, reaching $31.56. The company's stock had a trading volume of 2,995,250 shares, compared to its average volume of 1,736,424. The stock has a 50-day moving average price of $30.56 and a two-hundred day moving average price of $35.71. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The stock has a market capitalization of $2.61 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. As a group, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on YETI shares. Raymond James decreased their price target on shares of YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Piper Sandler reduced their target price on shares of YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. UBS Group reduced their target price on shares of YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Jefferies Financial Group restated a "buy" rating and issued a $55.00 target price 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 research note 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. According to MarketBeat, YETI currently has an average rating of "Hold" and a consensus target price of $39.40.

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.