Congress Asset Management Co. Has $43.93 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Congress Asset Management Co. lifted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 18.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,070,653 shares of the company’s stock after purchasing an additional 165,458 shares during the period. Congress Asset Management Co.’s holdings in YETI were worth $43,929,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of YETI. SG Americas Securities LLC increased its position in shares of YETI by 259.4% during the first quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock valued at $816,000 after purchasing an additional 15,280 shares during the period. BOKF NA increased its holdings in YETI by 12,075.3% during the 1st quarter. BOKF NA now owns 18,263 shares of the company’s stock valued at $701,000 after purchasing an additional 18,113 shares in the last quarter. Janus Henderson Group PLC raised its position in YETI by 65.8% in the 1st quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock valued at $2,630,000 after purchasing an additional 27,076 shares during the last quarter. Quantbot Technologies LP bought a new position in YETI in the 1st quarter valued at $880,000. Finally, BNP Paribas Financial Markets boosted its stake in YETI by 319.4% in the first quarter. BNP Paribas Financial Markets now owns 158,092 shares of the company’s stock worth $6,094,000 after purchasing an additional 120,397 shares in the last quarter.

YETI Trading Down 1.8 %

NYSE YETI traded down $0.63 on Thursday, reaching $35.10. The company had a trading volume of 297,373 shares, compared to its average volume of 1,557,880. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a 52 week low of $33.88 and a 52 week high of $54.15. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.04 and a beta of 2.11. The stock’s 50 day moving average is $39.23 and its 200-day moving average is $39.14.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $463.50 million for the quarter, compared to the consensus estimate of $452.42 million. YETI had a net margin of 10.66% and a return on equity of 28.83%. YETI’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. Equities analysts predict that YETI Holdings, Inc. will post 2.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price target on shares of YETI in a report on Tuesday, July 30th. Bank of America raised shares of YETI from a “neutral” rating to a “buy” rating and raised their price target for the company from $46.00 to $55.00 in a report on Thursday, August 8th. B. Riley upped their price objective on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Jefferies Financial Group lifted their target price on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Citigroup cut their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $46.77.

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.