Victory Capital Management Inc. Raises Position in YETI Holdings, Inc. (NYSE:YETI)

Victory Capital Management Inc. lifted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 31.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 783,334 shares of the company’s stock after acquiring an additional 187,720 shares during the quarter. Victory Capital Management Inc. owned 0.90% of YETI worth $40,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of YETI. Signaturefd LLC raised its position in YETI by 27.0% in the 4th quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock valued at $90,000 after purchasing an additional 368 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in YETI in the third quarter valued at approximately $121,000. Americana Partners LLC purchased a new position in YETI in the fourth quarter worth approximately $209,000. Clear Harbor Asset Management LLC acquired a new position in YETI during the 4th quarter worth approximately $207,000. Finally, Waldron Private Wealth LLC purchased a new stake in shares of YETI in the 4th quarter valued at approximately $209,000.

YETI Stock Performance

Shares of YETI stock opened at $34.61 on Monday. The stock has a fifty day moving average price of $37.82 and a 200 day moving average price of $42.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30. The stock has a market cap of $2.95 billion, a PE ratio of 17.75, a P/E/G ratio of 1.35 and a beta of 2.26. YETI Holdings, Inc. has a 1 year low of $33.88 and a 1 year high of $54.15.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The firm had revenue of $519.79 million for the quarter, compared to analyst estimates of $535.99 million. During the same period last year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Sell-side analysts forecast that YETI Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

YETI has been the subject of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of YETI in a research report on Wednesday, May 1st. Stifel Nicolaus cut their price target on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Canaccord Genuity Group dropped their price objective on 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 target price on YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a report on Friday, January 12th. Finally, 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 note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.00.

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.