Hamilton Point Investment Advisors LLC Increases Holdings in YETI Holdings, Inc. (NYSE:YETI)

Hamilton Point Investment Advisors LLC grew its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 103,285 shares of the company’s stock after purchasing an additional 1,680 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in YETI were worth $5,348,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in YETI during the 3rd quarter worth about $44,000. Global Wealth Management Investment Advisory Inc. lifted its holdings in YETI by 67.0% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock worth $45,000 after buying an additional 300 shares during the last quarter. First Manhattan Co. acquired a new stake in shares of YETI during the fourth quarter worth about $50,000. State of Wyoming increased its position in shares of YETI by 37.2% during the fourth quarter. State of Wyoming now owns 1,255 shares of the company’s stock worth $52,000 after purchasing an additional 340 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of YETI during the second quarter worth about $65,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on YETI shares. Canaccord Genuity Group cut their target price on YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Stifel Nicolaus cut their target price on YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Canaccord Genuity Group cut YETI from a “buy” rating to a “hold” rating and lifted their target price for the stock from $49.00 to $50.00 in a research report on Thursday, January 4th. B. Riley reiterated a “neutral” rating and set a $42.00 target price on shares of YETI in a research report on Friday, February 16th. Finally, 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. One research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.29.

YETI Stock Performance

NYSE YETI traded down $0.34 on Monday, hitting $37.52. 1,400,122 shares of the company’s stock were exchanged, compared to its average volume of 1,616,513. 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 firm’s 50-day moving average price is $39.60 and its two-hundred day moving average price is $43.03. YETI Holdings, Inc. has a fifty-two week low of $34.70 and a fifty-two week high of $54.15. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.48 and a beta of 2.29.

YETI (NYSE:YETI) last released its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The business had revenue of $519.79 million for the quarter, compared to analyst estimates of $535.99 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, research analysts expect that YETI Holdings, Inc. will post 2.27 EPS for the current year.

YETI 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.