Congress Wealth Management LLC DE Has $5.97 Million Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Congress Wealth Management LLC DE raised its stake in YETI Holdings, Inc. (NYSE:YETI) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,940 shares of the company’s stock after purchasing an additional 19,103 shares during the period. Congress Wealth Management LLC DE owned 0.18% of YETI worth $5,967,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of YETI. Allworth Financial LP grew its stake in shares of 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 acquiring an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of YETI during the 3rd quarter worth approximately $38,000. Blue Trust Inc. increased 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 worth $49,000 after purchasing an additional 333 shares during the period. Jones Financial Companies Lllp raised its position in shares of YETI by 22.5% in 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 in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of YETI by 364.3% in the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock valued at $73,000 after buying an additional 1,479 shares during the period.

Analysts Set New Price Targets

A number of research firms have commented on YETI. Stifel Nicolaus lowered their price objective on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Canaccord Genuity Group dropped their price target on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, February 14th. KeyCorp reduced their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. UBS Group dropped 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. Finally, Morgan Stanley reduced 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 report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, YETI presently has an average rating of “Hold” and an average target price of $44.77.

YETI Stock Performance

NYSE YETI opened at $33.85 on Wednesday. YETI Holdings, Inc. has a fifty-two week low of $31.48 and a fifty-two week high of $45.25. The stock has a market cap of $2.79 billion, a PE ratio of 16.43, a PEG ratio of 1.05 and a beta of 2.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The firm’s fifty day moving average price is $36.24 and its two-hundred day moving average price is $38.28.

YETI (NYSE:YETI) last issued 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). The firm had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. On average, equities 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.