Victory Capital Management Inc. Buys 187,720 Shares of YETI Holdings, Inc. (NYSE:YETI)

Victory Capital Management Inc. boosted its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 31.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 783,334 shares of the company's stock after buying an additional 187,720 shares during the period. Victory Capital Management Inc. owned approximately 0.90% of YETI worth $40,561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in YETI by 27.0% in the fourth quarter. Signaturefd LLC now owns 1,732 shares of the company's stock valued at $90,000 after acquiring an additional 368 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of YETI during the 3rd quarter valued at approximately $121,000. Americana Partners LLC acquired a new position in YETI in the fourth quarter worth $209,000. Clear Harbor Asset Management LLC acquired a new stake in shares of YETI during the fourth quarter worth $207,000. Finally, Waldron Private Wealth LLC acquired a new position in shares of YETI in the 4th quarter valued at about $209,000.

YETI Price Performance

NYSE:YETI traded up $0.36 during mid-day trading on Monday, reaching $34.97. The stock had a trading volume of 1,688,971 shares, compared to its average volume of 1,631,673. The stock has a 50-day simple moving average of $37.82 and a two-hundred day simple moving average of $42.42. 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 Holdings, Inc. has a 12 month low of $33.88 and a 12 month high of $54.15. The stock has a market capitalization of $2.98 billion, a PE ratio of 17.75, a P/E/G ratio of 1.35 and a beta of 2.26.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of YETI in a research note on Wednesday, May 1st. B. Riley dropped their price target on YETI from $42.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, April 25th. Canaccord Genuity Group decreased their target price on shares of YETI from $41.00 to $40.00 and set a "hold" rating for the company in a research note on Friday, April 5th. Stifel Nicolaus cut their target price on shares of YETI from $43.00 to $41.00 and set a "hold" rating for the company in a research report on Friday, February 16th. Finally, Raymond James cut their price target on shares of YETI from $55.00 to $48.00 and set an "outperform" rating for the company in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $48.00.

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.