Federated Hermes Inc. Has $41.69 Million Position in YETI Holdings, Inc. (NYSE:YETI)

Federated Hermes Inc. cut its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 4.7% during the 4th quarter, Holdings Channel reports. The firm owned 805,161 shares of the company’s stock after selling 39,749 shares during the quarter. Federated Hermes Inc.’s holdings in YETI were worth $41,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Ieq Capital LLC raised its stake in YETI by 2.2% in the third quarter. Ieq Capital LLC now owns 11,091 shares of the company’s stock valued at $535,000 after buying an additional 236 shares during the period. Beacon Pointe Advisors LLC lifted its holdings in YETI by 7.2% during the 1st quarter. Beacon Pointe Advisors LLC now owns 4,189 shares of the company’s stock valued at $251,000 after purchasing an additional 280 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its position in YETI by 67.0% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock worth $45,000 after purchasing an additional 300 shares during the period. SG Americas Securities LLC raised its position in shares of YETI by 5.8% in the fourth quarter. SG Americas Securities LLC now owns 5,890 shares of the company’s stock valued at $305,000 after purchasing an additional 324 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of YETI by 1.3% during the 3rd quarter. Baird Financial Group Inc. now owns 24,406 shares of the company’s stock worth $696,000 after buying an additional 325 shares during the last quarter.

YETI Trading Up 0.8 %

Shares of YETI stock opened at $37.30 on Friday. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.45 and a beta of 2.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30. The company has a 50-day simple moving average of $39.03 and a two-hundred day simple moving average of $42.81. YETI Holdings, Inc. has a 52-week low of $34.70 and a 52-week high of $54.15.

YETI (NYSE:YETI) last posted its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). YETI had a net margin of 10.24% and a return on equity of 27.99%. The company had revenue of $519.79 million for the quarter, compared to analysts’ expectations of $535.99 million. During the same period in the previous year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Research analysts anticipate that YETI Holdings, Inc. will post 2.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Stifel Nicolaus decreased their price target on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. B. Riley reaffirmed a “neutral” rating and issued a $42.00 target price on shares of YETI in a research report on Friday, February 16th. KeyCorp lifted their price target on YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a report on Friday, January 12th. Raymond James decreased their price objective on YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Finally, Canaccord Genuity Group downgraded YETI from a “buy” rating to a “hold” rating and lifted their target price for the stock from $49.00 to $50.00 in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, YETI presently has an average rating of “Hold” and a consensus target price of $48.29.

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.