YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its stake in shares of YETI Holdings, Inc. (NYSE:YETI – Get Rating) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,170 shares of the company’s stock after selling 7,019 shares during the quarter. Raymond James & Associates owned approximately 0.10% of YETI worth $3,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YETI. Van ECK Associates Corp grew its position in YETI by 7.9% in the 4th quarter. Van ECK Associates Corp now owns 3,320 shares of the company’s stock valued at $137,000 after buying an additional 242 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in YETI by 1.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 25,396 shares of the company’s stock valued at $1,049,000 after buying an additional 280 shares during the last quarter. Beacon Pointe Advisors LLC grew its position in YETI by 7.2% in the 1st quarter. Beacon Pointe Advisors LLC now owns 4,189 shares of the company’s stock valued at $251,000 after buying an additional 280 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in YETI by 67.0% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock valued at $45,000 after buying an additional 300 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in YETI by 17.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,035 shares of the company’s stock valued at $58,000 after buying an additional 303 shares during the last quarter. Institutional investors and hedge funds own 94.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group lowered their price objective on shares of YETI from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, March 2nd. Morgan Stanley decreased their target price on shares of YETI from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Monday, February 27th. Credit Suisse Group decreased their price objective on shares of YETI from $62.00 to $55.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Robert W. Baird decreased their price objective on shares of YETI from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Finally, Piper Sandler decreased their price objective on shares of YETI from $57.00 to $55.00 in a research report on Friday, February 17th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.31.

YETI Price Performance

NYSE:YETI opened at $36.86 on Friday. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 43.37, a price-to-earnings-growth ratio of 1.28 and a beta of 2.48. The company has a current ratio of 1.99, a quick ratio of 0.93 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average is $39.71 and its two-hundred day moving average is $41.10. YETI Holdings, Inc. has a 12-month low of $27.86 and a 12-month high of $55.15.

YETI (NYSE:YETI – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $486.41 million for the quarter, compared to analyst estimates of $491.03 million. YETI had a net margin of 4.65% and a return on equity of 33.52%. Research analysts expect that YETI Holdings, Inc. will post 2.01 EPS for the current year.

YETI Profile

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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.