Waldron Private Wealth LLC Makes New Investment in YETI Holdings, Inc. (NYSE:YETI)

Waldron Private Wealth LLC bought a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,046 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds have also recently made changes to their positions in the company. Ieq Capital LLC raised its holdings in YETI by 2.2% in the third quarter. Ieq Capital LLC now owns 11,091 shares of the company’s stock worth $535,000 after buying an additional 236 shares during the last quarter. Beacon Pointe Advisors LLC raised its holdings in YETI by 7.2% in the 1st quarter. Beacon Pointe Advisors LLC now owns 4,189 shares of the company’s stock worth $251,000 after acquiring an additional 280 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its position in YETI by 67.0% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock valued at $45,000 after acquiring an additional 300 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of YETI by 5.8% during the fourth quarter. SG Americas Securities LLC now owns 5,890 shares of the company’s stock valued at $305,000 after purchasing an additional 324 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in YETI by 1.3% during the 3rd quarter. Baird Financial Group Inc. now owns 24,406 shares of the company’s stock valued at $696,000 after acquiring an additional 325 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on YETI. B. Riley restated a “neutral” rating and issued a $42.00 price target on shares of YETI in a research note on Friday, February 16th. Stifel Nicolaus dropped their price target 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. Canaccord Genuity Group dropped their price objective on YETI from $41.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Raymond James reduced their price objective on shares of YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. Finally, KeyCorp upped their target price on shares of YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, YETI has an average rating of “Hold” and an average price target of $48.29.

YETI Price Performance

NYSE:YETI opened at $37.71 on Wednesday. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.47 and a beta of 2.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.45. The business has a 50 day simple moving average of $39.50 and a 200-day simple moving average of $42.95. YETI Holdings, Inc. has a 1 year low of $34.70 and a 1 year high of $54.15.

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

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.