Federated Hermes Inc. Has $41.69 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Federated Hermes Inc. lowered its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 805,161 shares of the company's stock after selling 39,749 shares during the period. Federated Hermes Inc. owned approximately 0.93% of YETI worth $41,691,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Global Wealth Management Investment Advisory Inc. raised its stake in YETI by 67.0% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company's stock valued at $45,000 after purchasing an additional 300 shares during the period. First Manhattan Co. acquired a new stake in YETI during the 4th quarter valued at $50,000. State of Wyoming raised its stake in YETI by 37.2% during the 4th quarter. State of Wyoming now owns 1,255 shares of the company's stock valued at $52,000 after purchasing an additional 340 shares during the period. Lazard Asset Management LLC acquired a new stake in YETI during the 2nd quarter valued at $65,000. Finally, Covestor Ltd raised its stake in YETI by 128.9% during the 1st quarter. Covestor Ltd now owns 1,751 shares of the company's stock valued at $105,000 after purchasing an additional 986 shares during the period.

Analyst Ratings Changes

YETI has been the topic of several recent analyst reports. Raymond James cut their target price on shares of YETI from $55.00 to $48.00 and set an "outperform" rating on the stock in a research note on Friday, February 16th. Canaccord Genuity Group lowered their price target on shares of YETI from $41.00 to $40.00 and set a "hold" rating on the stock in a report on Friday, April 5th. KeyCorp boosted their price target on shares of YETI from $33.00 to $36.00 and gave the company an "underweight" rating in a report on Friday, January 12th. B. Riley restated a "neutral" rating and set a $42.00 price target on shares of YETI in a report on Friday, February 16th. Finally, Canaccord Genuity Group cut shares of YETI from a "buy" rating to a "hold" rating and boosted their price target for the company from $49.00 to $50.00 in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $48.29.

YETI Stock Up 0.8 %

NYSE:YETI traded up $0.29 during trading hours on Friday, reaching $37.29. The company's stock had a trading volume of 810,627 shares, compared to its average volume of 1,345,041. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.45 and a beta of 2.29. YETI Holdings, Inc. has a one year low of $34.70 and a one year high of $54.15. The business's 50-day moving average is $39.03 and its 200-day moving average is $42.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.45.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.06). The business had revenue of $519.79 million during the quarter, compared to the consensus estimate of $535.99 million. YETI had a return on equity of 27.99% and a net margin of 10.24%. The company's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. Equities research analysts predict that YETI Holdings, Inc. will post 2.27 EPS for the current year.

YETI Company 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.