New York State Common Retirement Fund Has $10.55 Million Holdings in YETI Holdings, Inc. (NYSE:YETI)

New York State Common Retirement Fund grew its position in YETI Holdings, Inc. (NYSE:YETIFree Report) by 50.4% in the third quarter, Holdings Channel reports. The fund owned 218,737 shares of the company’s stock after acquiring an additional 73,262 shares during the quarter. New York State Common Retirement Fund’s holdings in YETI were worth $10,547,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Pinebridge Investments L.P. acquired a new stake in YETI during the 2nd quarter worth about $26,000. International Assets Investment Management LLC acquired a new stake in YETI during the 3rd quarter worth about $44,000. Global Wealth Management Investment Advisory Inc. grew its holdings in YETI by 67.0% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock worth $45,000 after acquiring an additional 300 shares during the period. First Manhattan Co. acquired a new stake in shares of YETI in the 4th quarter valued at about $50,000. Finally, State of Wyoming grew its stake in shares of YETI by 37.2% in the 4th quarter. State of Wyoming now owns 1,255 shares of the company’s stock valued at $52,000 after buying an additional 340 shares during the period.

Wall Street Analyst Weigh In

YETI has been the subject of several research reports. Canaccord Genuity Group downgraded YETI from a “buy” rating to a “hold” rating and raised their target price for the company from $49.00 to $50.00 in a research note on Thursday, January 4th. KeyCorp raised their price target on shares of YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a research report on Friday, January 12th. Stifel Nicolaus raised their price target on shares of YETI from $40.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, December 14th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $50.00 target price (up previously from $49.00) on shares of YETI in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.59.

Get Our Latest Stock Analysis on YETI

YETI Stock Up 1.6 %

YETI stock opened at $43.52 on Thursday. YETI Holdings, Inc. has a 1-year low of $34.70 and a 1-year high of $54.15. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 59.62, a P/E/G ratio of 1.84 and a beta of 2.40. The company has a current ratio of 2.19, a quick ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $47.35 and a 200 day simple moving average of $45.17.

YETI (NYSE:YETIGet Free Report) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts predict that YETI Holdings, Inc. will post 2.07 earnings per share for the current year.

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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