HighTower Advisors LLC Grows Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

HighTower Advisors LLC grew its holdings in YETI Holdings, Inc. (NYSE:YETI) by 129.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,869 shares of the company’s stock after acquiring an additional 8,376 shares during the period. HighTower Advisors LLC’s holdings in YETI were worth $573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in YETI. Allworth Financial LP lifted its stake in shares of YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after purchasing an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of YETI during the 3rd quarter valued at about $38,000. Blue Trust Inc. lifted its position in YETI by 38.4% during the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after acquiring an additional 333 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in YETI by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after acquiring an additional 280 shares during the period. Finally, Versant Capital Management Inc grew its position in 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 acquiring an additional 1,479 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Stifel Nicolaus lowered their target price on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, February 14th. KeyCorp lowered their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Canaccord Genuity Group cut 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, UBS Group decreased their price target on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, YETI presently has an average rating of “Hold” and an average price target of $44.77.

YETI Stock Down 2.5 %

YETI stock opened at $33.10 on Friday. The firm has a fifty day moving average price of $36.02 and a two-hundred day moving average price of $38.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. YETI Holdings, Inc. has a 1-year low of $31.48 and a 1-year high of $45.25. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. Research analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

YETI Company 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.