Empower Advisory Group LLC Has $12.78 Million Position in YETI Holdings, Inc. (NYSE:YETI)

Empower Advisory Group LLC lifted its stake in YETI Holdings, Inc. (NYSE:YETI) by 6.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 331,806 shares of the company’s stock after acquiring an additional 19,888 shares during the period. Empower Advisory Group LLC’s holdings in YETI were worth $12,778,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of YETI by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after buying an additional 7,382 shares in the last quarter. Congress Asset Management Co. raised its position in YETI by 5.6% in the fourth 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 in the last quarter. Lord Abbett & CO. LLC lifted its stake in YETI by 7.0% during the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock worth $33,242,000 after purchasing an additional 53,023 shares during the period. Point72 Asset Management L.P. boosted its holdings in YETI by 25.8% during the third quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company’s stock valued at $31,353,000 after purchasing an additional 156,926 shares in the last quarter. Finally, Royce & Associates LP grew its stake in shares of YETI by 17.3% in the 3rd quarter. Royce & Associates LP now owns 585,971 shares of the company’s stock valued at $24,042,000 after purchasing an additional 86,405 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley decreased their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday. Canaccord Genuity Group reduced their target price on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday. TD Cowen dropped their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. KeyCorp dropped their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Finally, 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 note on Thursday, January 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, YETI currently has an average rating of “Hold” and an average price target of $44.77.

YETI Stock Up 1.2 %

NYSE YETI opened at $38.02 on Tuesday. The stock has a market capitalization of $3.22 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.06 and a beta of 2.13. 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 1.45 and a current ratio of 2.58. The stock has a fifty day moving average of $38.67 and a 200-day moving average of $39.17.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a return on equity of 28.31% and a net margin of 11.15%. The firm had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. On average, equities research analysts forecast that YETI Holdings, Inc. will post 2.37 EPS for the current year.

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.