L. Roy Papp & Associates LLP Reduces Position in YETI Holdings, Inc. (NYSE:YETI)

L. Roy Papp & Associates LLP lowered its holdings in shares of YETI Holdings, Inc. (NYSE:YETIFree Report) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,806 shares of the company’s stock after selling 1,550 shares during the period. L. Roy Papp & Associates LLP’s holdings in YETI were worth $2,216,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Gotham Asset Management LLC raised its position in YETI by 41.4% during the 3rd quarter. Gotham Asset Management LLC now owns 122,399 shares of the company’s stock worth $5,902,000 after buying an additional 35,822 shares during the last quarter. Aigen Investment Management LP purchased a new position in YETI during the 3rd quarter worth $1,286,000. Invesco Ltd. increased its holdings in shares of YETI by 13.9% in the 3rd quarter. Invesco Ltd. now owns 215,216 shares of the company’s stock valued at $10,378,000 after purchasing an additional 26,262 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of YETI by 393.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 146,857 shares of the company’s stock valued at $7,081,000 after purchasing an additional 117,089 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of YETI during the 3rd quarter worth about $2,901,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus decreased their target price on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. KeyCorp lifted their target price 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 reissued a “hold” rating and set a $50.00 price objective (up from $49.00) on shares of YETI in a report on Thursday, January 4th. B. Riley reissued a “neutral” rating and issued a $42.00 price objective on shares of YETI in a report on Friday, February 16th. Finally, Raymond James reduced their target price on YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, YETI has a consensus rating of “Hold” and a consensus price target of $49.00.

Check Out Our Latest Research Report on YETI

YETI Stock Performance

Shares of YETI opened at $38.55 on Friday. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.51 and a beta of 2.31. The firm has a fifty day moving average of $41.08 and a 200-day moving average of $43.78. YETI Holdings, Inc. has a 1 year low of $34.70 and a 1 year high of $54.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30.

YETI (NYSE:YETIGet Free Report) 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). YETI had a net margin of 10.24% and a return on equity of 27.99%. The firm had revenue of $519.79 million during the quarter, compared to analyst estimates of $535.99 million. During the same quarter in the previous year, the business posted $0.75 EPS. YETI’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities analysts anticipate that YETI Holdings, Inc. will post 2.27 earnings per share for the current year.

YETI Profile

(Free Report)

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.

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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