Union Bancaire Privee UBP SA Takes $1.78 Million Position in YETI Holdings, Inc. (NYSE:YETI)

Union Bancaire Privee UBP SA purchased a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, Holdings Channel reports. The fund purchased 45,150 shares of the company’s stock, valued at approximately $1,777,000.

Other large investors have also made changes to their positions in the company. Allworth Financial LP lifted its stake in shares of YETI by 237.1% during 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 during the period. Blue Trust Inc. increased its holdings in YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after purchasing an additional 630 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in YETI in the third quarter valued at about $38,000. Versant Capital Management Inc increased its holdings in 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 purchasing an additional 1,479 shares during the last quarter. Finally, Quarry LP increased its holdings in YETI by 209.8% in the third quarter. Quarry LP now owns 1,927 shares of the company’s stock valued at $79,000 after purchasing an additional 1,305 shares during the last quarter.

Wall Street Analyst Weigh In

YETI has been the subject of a number of recent analyst reports. KeyCorp dropped their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Canaccord Genuity Group lowered their price target on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, February 14th. Morgan Stanley lowered their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. TD Cowen lowered their price target on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. Finally, Stifel Nicolaus lowered their price target on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $44.77.

YETI Stock Performance

Shares of NYSE YETI opened at $36.83 on Monday. The stock has a 50 day moving average price of $38.11 and a 200 day moving average price of $39.15. YETI Holdings, Inc. has a 52 week low of $33.41 and a 52 week 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. The stock has a market capitalization of $3.12 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.05 and a beta of 2.13.

YETI (NYSE:YETI) last issued its quarterly 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). 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. Analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share 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.