Impax Asset Management Group plc Invests $609,000 in YETI Holdings, Inc. (NYSE:YETI)

Impax Asset Management Group plc bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 15,812 shares of the company’s stock, valued at approximately $609,000.

A number of other hedge funds also recently made changes to their positions in the business. Union Bancaire Privee UBP SA bought a new stake in shares of YETI during the 4th quarter worth $1,777,000. Leeward Investments LLC MA raised its stake in shares of YETI by 8.1% during the 4th quarter. Leeward Investments LLC MA now owns 115,660 shares of the company’s stock worth $4,454,000 after purchasing an additional 8,656 shares during the period. Olympiad Research LP bought a new stake in shares of YETI during the 4th quarter worth $351,000. Venturi Wealth Management LLC raised its stake in shares of YETI by 481.8% during the 4th quarter. Venturi Wealth Management LLC now owns 2,723 shares of the company’s stock worth $105,000 after purchasing an additional 2,255 shares during the period. Finally, Empower Advisory Group LLC raised its stake in shares of YETI by 6.4% during the 4th quarter. Empower Advisory Group LLC now owns 331,806 shares of the company’s stock worth $12,778,000 after purchasing an additional 19,888 shares during the period.

YETI Stock Up 1.2 %

YETI stock opened at $37.53 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.18 billion, a PE ratio of 18.22, a PEG ratio of 1.05 and a beta of 2.14. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $45.25. The stock has a 50-day simple moving average of $37.89 and a two-hundred day simple moving average of $39.08.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. On average, equities analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on YETI shares. UBS Group lowered their target price on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. TD Cowen lowered their price objective on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. Bank of America cut YETI from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group lowered their price objective on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, Morgan Stanley lowered their price objective on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.77.

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.