Wealthfront Advisers LLC Makes New Investment in YETI Holdings, Inc. (NYSE:YETI)

Wealthfront Advisers LLC bought a new position in YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 138,035 shares of the company’s stock, valued at approximately $5,316,000. Wealthfront Advisers LLC owned about 0.16% of YETI at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of YETI. Allworth Financial LP increased its position in YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after purchasing an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in YETI in the 3rd quarter worth about $38,000. Blue Trust Inc. increased its position in YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after purchasing an additional 333 shares during the last quarter. Jones Financial Companies Lllp increased its position in YETI by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after purchasing an additional 280 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in YETI by 364.3% in the 4th quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock worth $73,000 after purchasing an additional 1,479 shares during the last quarter.

YETI Price Performance

Shares of YETI stock opened at $33.20 on Thursday. The stock has a 50 day moving average of $36.96 and a two-hundred day moving average of $38.65. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 12 month low of $33.12 and a 12 month high of $45.25. The company has a market capitalization of $2.74 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The firm had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. As a group, equities analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Canaccord Genuity Group lowered their price objective on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, February 14th. UBS Group lowered their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus lowered their price objective on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Morgan Stanley lowered their price objective on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, KeyCorp lowered their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.77.

YETI Company 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.