State of New Jersey Common Pension Fund D Has $2.13 Million Stake in YETI Holdings, Inc. (NYSE:YETI)

State of New Jersey Common Pension Fund D lifted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,227 shares of the company’s stock after purchasing an additional 6,776 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.07% of YETI worth $2,127,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Allworth Financial LP lifted its position 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. Principal Securities Inc. lifted its position in shares of YETI by 305.5% during the fourth quarter. Principal Securities Inc. now owns 5,421 shares of the company’s stock worth $209,000 after purchasing an additional 4,084 shares in the last quarter. Congress Asset Management Co. lifted its position in shares of YETI by 5.6% during the fourth quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company’s stock worth $43,557,000 after purchasing an additional 60,407 shares in the last quarter. Rhumbline Advisers lifted its position in shares of YETI by 0.3% during the fourth quarter. Rhumbline Advisers now owns 237,967 shares of the company’s stock worth $9,164,000 after purchasing an additional 669 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC raised its stake in shares of YETI by 28.6% during the fourth quarter. Chevy Chase Trust Holdings LLC now owns 249,498 shares of the company’s stock worth $9,608,000 after buying an additional 55,468 shares during the last quarter.

YETI Stock Down 0.2 %

Shares of YETI stock opened at $36.83 on Friday. The firm has a fifty day moving average of $38.11 and a 200-day moving average of $39.13. 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 Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $45.25. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 1.05 and a beta of 2.13.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) 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 company had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. As a group, equities research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on YETI. TD Cowen dropped their price target on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their price target on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, February 14th. KeyCorp dropped their price target on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group dropped their price target on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, YETI has a consensus rating of “Hold” and a consensus target price of $44.77.

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.