Venturi Wealth Management LLC Purchases 2,255 Shares of YETI Holdings, Inc. (NYSE:YETI)

Venturi Wealth Management LLC grew its holdings in YETI Holdings, Inc. (NYSE:YETI) by 481.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,723 shares of the company’s stock after acquiring an additional 2,255 shares during the quarter. Venturi Wealth Management LLC’s holdings in YETI were worth $105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of YETI. Geode Capital Management LLC raised its holdings in YETI by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after acquiring an additional 7,382 shares in the last quarter. Congress Asset Management Co. increased its position in shares of YETI by 5.6% in the fourth quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company’s stock worth $43,557,000 after purchasing an additional 60,407 shares during the period. Lord Abbett & CO. LLC lifted its position in YETI by 7.0% during the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock worth $33,242,000 after purchasing an additional 53,023 shares during the period. Point72 Asset Management L.P. grew its stake in YETI by 25.8% during the third quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company’s stock worth $31,353,000 after buying an additional 156,926 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in YETI by 17.3% in the 3rd quarter. Royce & Associates LP now owns 585,971 shares of the company’s stock valued at $24,042,000 after buying an additional 86,405 shares during the period.

YETI Trading Down 0.2 %

YETI opened at $36.83 on Monday. The company’s 50 day moving average price is $38.11 and its two-hundred day moving average price is $39.15. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.05 and a beta of 2.13. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $45.25. 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) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). The company had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. As a group, research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on YETI. Stifel Nicolaus reduced their price target on shares of YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Canaccord Genuity Group lowered their price target on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, February 14th. KeyCorp reduced their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. TD Cowen lowered their target price on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Finally, UBS Group reduced their price target on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $44.77.

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.