25,478 Shares in YETI Holdings, Inc. (NYSE:YETI) Acquired by Monimus Capital Management LP

Monimus Capital Management LP acquired a new stake in YETI Holdings, Inc. (NYSE:YETI) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 25,478 shares of the company’s stock, valued at approximately $981,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after buying an additional 467 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of YETI during the third quarter worth about $38,000. Blue Trust Inc. increased its position in shares of YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after acquiring an additional 333 shares in the last quarter. Jones Financial Companies Lllp grew 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 in the last quarter. Finally, Versant Capital Management Inc grew 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 in the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on YETI. UBS Group dropped their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley dropped their price target on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus lowered their target price on shares of YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. KeyCorp decreased their price target on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, Canaccord Genuity Group decreased their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, February 14th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $44.77.

YETI Trading Up 0.9 %

YETI stock opened at $32.21 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a twelve month low of $31.48 and a twelve month high of $45.25. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The firm’s fifty day simple moving average is $36.72 and its two-hundred day simple moving average is $38.54.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share 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 business had revenue of $555.37 million during the quarter, compared to analysts’ expectations of $554.08 million. As a group, analysts anticipate that YETI Holdings, Inc. will post 2.57 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.