Mission Wealth Management LP Purchases 2,344 Shares of YETI Holdings, Inc. (NYSE:YETI)

Mission Wealth Management LP boosted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 33.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,395 shares of the company’s stock after buying an additional 2,344 shares during the quarter. Mission Wealth Management LP’s holdings in YETI were worth $362,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of YETI by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after acquiring an additional 7,382 shares in the last quarter. Congress Asset Management Co. increased its holdings in YETI by 5.6% during the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company’s stock worth $43,557,000 after purchasing an additional 60,407 shares during the period. Bank of New York Mellon Corp raised its position in YETI by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company’s stock valued at $31,994,000 after purchasing an additional 5,987 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of YETI by 7.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock worth $33,242,000 after buying an additional 53,023 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of YETI by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company’s stock worth $31,353,000 after buying an additional 156,926 shares in the last quarter.

YETI Price Performance

Shares of YETI stock opened at $34.37 on Thursday. The stock’s 50-day moving average is $37.49 and its 200 day moving average is $38.89. 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 1-year low of $33.36 and a 1-year high of $45.25. The company has a market cap of $2.83 billion, a P/E ratio of 16.69, a PEG ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI) last released its quarterly earnings results 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 net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $555.37 million during the quarter, compared to analysts’ expectations of $554.08 million. Research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on YETI shares. KeyCorp dropped their price target on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley dropped their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. UBS Group dropped their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.