YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,236 shares of the company’s stock after selling 819 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in YETI were worth $1,434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YETI. Allworth Financial LP grew its holdings in shares of YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after purchasing an additional 467 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in YETI in the third quarter valued at about $38,000. Blue Trust Inc. boosted its stake in YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after buying an additional 333 shares during the period. Versant Capital Management Inc increased its position in shares of YETI by 364.3% during 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 during the last quarter. Finally, Quarry LP raised its stake in shares of YETI by 209.8% in the 3rd quarter. Quarry LP now owns 1,927 shares of the company’s stock valued at $79,000 after acquiring an additional 1,305 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group lowered their price objective on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. TD Cowen lowered their price target on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. Bank of America cut YETI from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Morgan Stanley decreased their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, UBS Group dropped their target price on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $44.77.

YETI Stock Performance

Shares of YETI stock opened at $35.38 on Tuesday. The business has a 50-day simple moving average of $37.59 and a 200-day simple moving average of $38.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. YETI Holdings, Inc. has a one year low of $33.41 and a one year high of $45.25. The company has a market cap of $2.91 billion, a PE ratio of 17.17, a P/E/G ratio of 1.05 and a beta of 2.13.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 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 firm had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. On average, equities research analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal 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.