Oppenheimer Asset Management Inc. Buys 4,628 Shares of YETI Holdings, Inc. (NYSE:YETI)

Oppenheimer Asset Management Inc. grew its holdings in YETI Holdings, Inc. (NYSE:YETIFree Report) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,799 shares of the company’s stock after purchasing an additional 4,628 shares during the period. Oppenheimer Asset Management Inc.’s holdings in YETI were worth $1,871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Qsemble Capital Management LP bought a new stake in YETI during the 3rd quarter worth approximately $829,000. New York State Common Retirement Fund increased its holdings in YETI by 50.4% during the 3rd quarter. New York State Common Retirement Fund now owns 218,737 shares of the company’s stock worth $10,547,000 after acquiring an additional 73,262 shares during the period. Arizona State Retirement System increased its holdings in YETI by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 24,671 shares of the company’s stock worth $1,190,000 after acquiring an additional 337 shares during the period. Donoghue Forlines LLC purchased a new position in YETI in the 3rd quarter worth approximately $1,281,000. Finally, Victory Capital Management Inc. grew its stake in YETI by 196.5% in the 3rd quarter. Victory Capital Management Inc. now owns 595,614 shares of the company’s stock worth $28,721,000 after buying an additional 394,744 shares in the last quarter.

YETI Trading Up 0.1 %

Shares of YETI opened at $42.83 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 2.19 and a debt-to-equity ratio of 0.12. YETI Holdings, Inc. has a twelve month low of $34.70 and a twelve month high of $54.15. The stock has a market capitalization of $3.72 billion, a P/E ratio of 58.67, a PEG ratio of 1.84 and a beta of 2.40. The firm has a fifty day simple moving average of $47.33 and a two-hundred day simple moving average of $45.18.

YETI (NYSE:YETIGet Free Report) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. YETI had a net margin of 4.00% and a return on equity of 29.12%. The business had revenue of $433.56 million during the quarter, compared to analyst estimates of $426.27 million. On average, research analysts anticipate that YETI Holdings, Inc. will post 2.07 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Canaccord Genuity Group reissued a “hold” rating and issued a $50.00 price target (up previously from $49.00) on shares of YETI in a research note on Thursday, January 4th. Stifel Nicolaus boosted their price target on shares of YETI from $40.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, December 14th. KeyCorp upped their price objective on shares of YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a research note on Friday, January 12th. Finally, Canaccord Genuity Group cut shares of YETI from a “buy” rating to a “hold” rating and upped their price objective for the company from $49.00 to $50.00 in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.59.

View Our Latest Stock Report on YETI

YETI Profile

(Free Report)

YETI Holdings, Inc designs, markets, 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. The company also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, straw mugs and cups, bottles, jugs, and water bottles, as well as accessories comprising bottle straw and chug caps, lids, straw lids, color packs, tumbler handles, and jug mounts under the Rambler brand.

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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