Monimus Capital Management LP Buys Shares of 25,478 YETI Holdings, Inc. (NYSE:YETI)

Monimus Capital Management LP bought a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,478 shares of the company’s stock, valued at approximately $981,000.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its position 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 purchasing an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI in the third quarter valued at about $38,000. Blue Trust Inc. grew its position in shares of YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after purchasing an additional 333 shares during the last quarter. Jones Financial Companies Lllp grew 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 purchasing an additional 280 shares during the last quarter. Finally, Versant Capital Management Inc grew its position 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 purchasing an additional 1,479 shares during the last quarter.

Analyst Ratings Changes

YETI has been the topic of several research analyst reports. Morgan Stanley lowered their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. UBS Group decreased their target price on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus decreased their target price on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Canaccord Genuity Group decreased their target price on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, KeyCorp decreased their target price on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One 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’s stock. According to data from MarketBeat, YETI currently has an average rating of “Hold” and a consensus price target of $44.77.

YETI Price Performance

Shares of YETI stock opened at $32.21 on Friday. YETI Holdings, Inc. has a 12-month low of $31.48 and a 12-month high of $45.25. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average of $36.72 and a 200-day moving average of $38.54.

YETI (NYSE:YETI) last announced its earnings results 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). YETI had a return on equity of 28.23% and a net margin of 9.60%. The company had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. On average, equities research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current 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.