138,035 Shares in YETI Holdings, Inc. (NYSE:YETI) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 138,035 shares of the company’s stock, valued at approximately $5,316,000.

Several other hedge funds and other institutional investors have also modified their holdings of YETI. Geode Capital Management LLC increased its holdings in YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after purchasing an additional 7,382 shares in the last quarter. Congress Asset Management Co. increased its holdings in YETI by 5.6% during the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company’s stock valued at $43,557,000 after purchasing an additional 60,407 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in YETI by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company’s stock valued at $31,994,000 after purchasing an additional 5,987 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in YETI by 7.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock valued at $33,242,000 after purchasing an additional 53,023 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in YETI by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock valued at $29,790,000 after purchasing an additional 39,709 shares in the last quarter.

YETI Stock Down 2.3 %

Shares of YETI stock opened at $33.20 on Thursday. The business has a fifty day simple moving average of $36.96 and a 200 day simple moving average of $38.65. 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 stock has a market cap of $2.74 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. YETI Holdings, Inc. has a 12 month low of $33.12 and a 12 month high of $45.25.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday, February 14th. Canaccord Genuity Group dropped 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 lowered their target price on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. UBS Group lowered their target price on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Morgan Stanley lowered their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. One research 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. Based on data from 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.