YETI Holdings, Inc. (NYSE:YETI) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 29.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,425 shares of the company’s stock after acquiring an additional 8,141 shares during the quarter. LPL Financial LLC’s holdings in YETI were worth $1,364,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in YETI by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock valued at $59,000 after buying an additional 280 shares during the period. Central Pacific Bank Trust Division boosted its holdings in YETI by 6.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock valued at $179,000 after acquiring an additional 290 shares during the last quarter. Atria Investments Inc increased its position in shares of YETI by 4.2% in the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company’s stock worth $312,000 after acquiring an additional 328 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of YETI by 2.7% in the fourth quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock valued at $487,000 after buying an additional 332 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in YETI by 38.4% during the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after purchasing an additional 333 shares in the last quarter.

YETI Trading Up 3.4 %

NYSE:YETI opened at $27.85 on Friday. The company’s 50 day moving average is $33.40 and its 200-day moving average is $37.08. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 1.05 and a beta of 2.04. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

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

Analyst Ratings Changes

A number of research analysts have commented on YETI shares. Morgan Stanley reduced their price objective on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Robert W. Baird lowered their price target on YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. KeyCorp raised shares of YETI from an “underweight” rating to a “sector weight” rating in a report on Thursday. Stifel Nicolaus reduced their price target on shares of YETI from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. Finally, Canaccord Genuity Group decreased their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, February 14th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $43.14.

About YETI

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.