Wedge Capital Management L L P NC Purchases 1,210 Shares of YETI Holdings, Inc. (NYSE:YETI)

Wedge Capital Management L L P NC increased its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,018 shares of the company’s stock after purchasing an additional 1,210 shares during the period. Wedge Capital Management L L P NC owned 0.09% of YETI worth $4,092,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of YETI. CWM LLC raised its position in shares of YETI by 42.9% during the 3rd quarter. CWM LLC now owns 2,183 shares of the company’s stock valued at $105,000 after purchasing an additional 655 shares during the period. AE Wealth Management LLC bought a new stake in YETI in the 3rd quarter valued at $216,000. SG Americas Securities LLC increased its holdings in YETI by 88.5% in the 3rd quarter. SG Americas Securities LLC now owns 5,566 shares of the company’s stock valued at $268,000 after acquiring an additional 2,613 shares during the last quarter. Oak Thistle LLC bought a new stake in YETI in the 3rd quarter valued at $448,000. Finally, L. Roy Papp & Associates LLP increased its holdings in YETI by 3.0% in the 3rd quarter. L. Roy Papp & Associates LLP now owns 44,356 shares of the company’s stock valued at $2,139,000 after acquiring an additional 1,290 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. B. Riley reiterated a “neutral” rating and issued a $42.00 price target on shares of YETI in a report on Friday, February 16th. KeyCorp lifted their price target on shares of YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a report on Friday, January 12th. Canaccord Genuity Group downgraded shares of YETI from a “buy” rating to a “hold” rating and lifted their price target for the company from $49.00 to $50.00 in a report on Thursday, January 4th. Canaccord Genuity Group reduced their price target on shares of YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Finally, Stifel Nicolaus reduced their target price on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $48.29.

YETI Price Performance

YETI stock opened at $35.68 on Thursday. YETI Holdings, Inc. has a 12 month low of $34.70 and a 12 month high of $54.15. The company has a current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $38.56 and a 200 day moving average price of $42.74. The stock has a market cap of $3.04 billion, a PE ratio of 18.30, a P/E/G ratio of 1.42 and a beta of 2.29.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.90 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 firm had revenue of $519.79 million for the quarter, compared to analysts’ expectations of $535.99 million. During the same period in the prior year, the firm posted $0.75 earnings per share. YETI’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts anticipate that YETI Holdings, Inc. will post 2.27 earnings per share 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.