Harvest Investment Services LLC Invests $1.05 Million in YETI Holdings, Inc. (NYSE:YETI)

Harvest Investment Services LLC purchased a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,243 shares of the company's stock, valued at approximately $1,049,000.

A number of other large investors also recently modified their holdings of YETI. Stifel Financial Corp increased its position in shares of YETI by 42.5% in the third quarter. Stifel Financial Corp now owns 19,219 shares of the company's stock worth $789,000 after purchasing an additional 5,731 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in YETI in the 3rd quarter worth approximately $38,000. Cim Investment Management Inc. bought a new position in shares of YETI in the 3rd quarter worth $203,000. Franklin Resources Inc. purchased a new stake in shares of YETI during the 3rd quarter valued at $626,000. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of YETI by 7.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company's stock worth $33,242,000 after acquiring an additional 53,023 shares during the last quarter.

Wall Street Analyst Weigh In

YETI has been the subject of several research analyst reports. Stifel Nicolaus dropped their price target on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Robert W. Baird cut their target price on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group decreased their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday. 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 report on Friday, February 14th. Finally, UBS Group reduced their price objective on YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $42.20.

YETI Trading Down 0.7 %

YETI stock traded down $0.20 during mid-day trading on Friday, reaching $28.84. 1,432,102 shares of the company traded hands, compared to its average volume of 1,683,237. The firm's 50 day moving average price is $32.43 and its 200 day moving average price is $36.64. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The company had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. On average, analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

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.