Bridge City Capital LLC Decreases Holdings in YETI Holdings, Inc. (NYSE:YETI)

Bridge City Capital LLC lowered its holdings in YETI Holdings, Inc. (NYSE:YETI) by 1.0% during the fourth quarter, HoldingsChannel reports. The fund owned 58,132 shares of the company’s stock after selling 616 shares during the period. Bridge City Capital LLC’s holdings in YETI were worth $2,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Stevens Capital Management LP purchased a new stake in shares of YETI during the 4th quarter worth approximately $273,000. LPL Financial LLC raised its stake in YETI by 29.8% during the 4th quarter. LPL Financial LLC now owns 35,425 shares of the company’s stock worth $1,364,000 after acquiring an additional 8,141 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in YETI in the fourth quarter valued at $1,255,000. KLP Kapitalforvaltning AS acquired a new position in YETI in the fourth quarter valued at $693,000. Finally, Sei Investments Co. grew its holdings in shares of YETI by 8.8% during the fourth quarter. Sei Investments Co. now owns 220,696 shares of the company’s stock worth $8,499,000 after purchasing an additional 17,886 shares during the last quarter.

YETI Stock Up 0.3 %

YETI opened at $34.79 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. YETI Holdings, Inc. has a 12 month low of $31.48 and a 12 month high of $45.25. The stock has a market capitalization of $2.87 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.05 and a beta of 2.15. The business has a 50 day simple moving average of $36.38 and a 200-day simple moving average of $38.33.

YETI (NYSE:YETI) last issued its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The company had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. On average, equities analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

YETI has been the subject of several research reports. Canaccord Genuity Group reduced their target price on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, February 14th. Stifel Nicolaus decreased their price objective on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday, February 14th. UBS Group cut their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. KeyCorp reduced their price target on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Finally, Morgan Stanley dropped their price objective 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. One 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. According to MarketBeat, YETI has an average 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.