Level Four Advisory Services LLC Acquires Shares of 31,761 YETI Holdings, Inc. (NYSE:YETI)

Level Four Advisory Services LLC bought a new position in YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 31,761 shares of the company’s stock, valued at approximately $1,223,000.

Other large investors have also made changes to their positions in the company. Allworth Financial LP grew its position in YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after purchasing an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI in the third quarter worth $38,000. Blue Trust Inc. grew its holdings in shares of YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after buying an additional 333 shares in the last quarter. Jones Financial Companies Lllp raised its position in YETI by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock valued at $59,000 after buying an additional 280 shares during the period. Finally, Versant Capital Management Inc lifted its stake 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 acquiring an additional 1,479 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently weighed in on YETI. KeyCorp dropped their target price on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. UBS Group cut their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus lowered their price target on shares of YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Canaccord Genuity Group cut their price objective on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, Morgan Stanley lowered their target price on 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 equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $44.77.

YETI Price Performance

Shares of YETI stock opened at $33.10 on Friday. The firm has a market cap of $2.74 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The firm’s 50-day simple moving average is $36.02 and its 200-day simple moving average is $38.21. YETI Holdings, Inc. has a twelve month low of $31.48 and a twelve month high of $45.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18.

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 net margin of 9.60% and a return on equity of 28.23%. The company had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. As a group, research analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal 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.