YETI Holdings, Inc. (NYSE:YETI) Shares Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 149.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,307 shares of the company’s stock after acquiring an additional 87,663 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in YETI were worth $7,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AIA Group Ltd acquired a new stake in shares of YETI in the fourth quarter valued at $2,397,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in YETI by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,429 shares of the company’s stock valued at $1,006,000 after acquiring an additional 4,696 shares in the last quarter. Hamilton Point Investment Advisors LLC increased its stake in YETI by 1.7% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 103,285 shares of the company’s stock worth $5,348,000 after purchasing an additional 1,680 shares during the period. Waldron Private Wealth LLC acquired a new stake in shares of YETI during the fourth quarter worth about $209,000. Finally, Sumitomo Life Insurance Co. boosted its stake in shares of YETI by 5.6% in the fourth quarter. Sumitomo Life Insurance Co. now owns 35,628 shares of the company’s stock valued at $1,845,000 after purchasing an additional 1,885 shares during the period.

YETI Stock Up 0.9 %

Shares of NYSE YETI traded up $0.32 during midday trading on Friday, hitting $37.32. 267,329 shares of the company’s stock were exchanged, compared to its average volume of 1,595,450. The firm’s fifty day simple moving average is $39.20 and its 200-day simple moving average is $42.87. The company has a market cap of $3.18 billion, a PE ratio of 18.97, a P/E/G ratio of 1.45 and a beta of 2.29. YETI Holdings, Inc. has a twelve month low of $34.70 and a twelve month high of $54.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.45.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. B. Riley reaffirmed a “neutral” rating and set a $42.00 target price on shares of YETI in a research note on Friday, February 16th. KeyCorp upped their price objective on YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research report on Friday, January 12th. Canaccord Genuity Group reduced their price objective on YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Raymond James lowered their target price on YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. Finally, Canaccord Genuity Group downgraded YETI from a “buy” rating to a “hold” rating and upped their price target for the stock from $49.00 to $50.00 in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, YETI presently has an average rating of “Hold” and an average price target of $48.29.

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.