Raymond James & Associates grew its stake in shares of YETI Holdings, Inc. (NYSE:YETI – Get Rating) by 13.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 97,189 shares of the company’s stock after buying an additional 11,431 shares during the quarter. Raymond James & Associates’ holdings in YETI were worth $2,772,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Papp L Roy & Associates raised its stake in YETI by 70.8% during the 3rd quarter. Papp L Roy & Associates now owns 50,773 shares of the company’s stock worth $1,448,000 after buying an additional 21,040 shares during the period. State of Alaska Department of Revenue raised its position in shares of YETI by 29.2% during the third quarter. State of Alaska Department of Revenue now owns 15,997 shares of the company’s stock worth $456,000 after purchasing an additional 3,617 shares during the period. Xcel Wealth Management LLC grew its position in YETI by 33.0% in the 3rd quarter. Xcel Wealth Management LLC now owns 9,075 shares of the company’s stock valued at $259,000 after purchasing an additional 2,250 shares during the period. Louisiana State Employees Retirement System bought a new stake in YETI during the 3rd quarter valued at $653,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in YETI by 0.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 80,246 shares of the company’s stock worth $2,289,000 after buying an additional 646 shares during the last quarter. Institutional investors own 94.24% of the company’s stock.
YETI Stock Up 2.3 %
YETI stock opened at $42.93 on Friday. The firm has a 50 day simple moving average of $42.81 and a 200 day simple moving average of $39.93. The company has a current ratio of 2.34, a quick ratio of 0.74 and a debt-to-equity ratio of 0.14. YETI Holdings, Inc. has a 1-year low of $27.86 and a 1-year high of $70.57. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 1.13 and a beta of 2.51.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on YETI shares. Cowen cut shares of YETI from an “outperform” rating to a “market perform” rating and set a $47.00 price objective for the company. in a report on Wednesday. UBS Group lowered their price objective on YETI to $45.00 in a research note on Wednesday, November 16th. Canaccord Genuity Group initiated coverage on YETI in a research report on Wednesday, November 16th. They set a “buy” rating and a $58.00 target price on the stock. Piper Sandler lifted their price objective on shares of YETI from $48.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, November 11th. Finally, Canaccord Genuity Group started coverage on shares of YETI in a research report on Thursday, November 17th. They set a “buy” rating and a $58.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.67.
YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.
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