HighTower Advisors LLC Purchases 8,376 Shares of YETI Holdings, Inc. (NYSE:YETI)

HighTower Advisors LLC boosted its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 129.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,869 shares of the company's stock after purchasing an additional 8,376 shares during the quarter. HighTower Advisors LLC's holdings in YETI were worth $573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in YETI by 22.5% during 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 in the last quarter. Central Pacific Bank Trust Division raised 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 worth $179,000 after buying an additional 290 shares during the last quarter. Atria Investments Inc grew its holdings in shares of YETI by 4.2% during the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company's stock valued at $312,000 after buying an additional 328 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of YETI by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 12,646 shares of the company's stock valued at $487,000 after acquiring an additional 332 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in YETI by 38.4% in 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 during the last quarter.

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YETI Price Performance

NYSE YETI traded up $0.37 during trading hours on Tuesday, reaching $33.47. The company's stock had a trading volume of 513,889 shares, compared to its average volume of 1,614,812. 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 1 year low of $31.48 and a 1 year high of $45.25. The firm's 50-day moving average price is $35.94 and its 200-day moving average price is $38.18. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The company had revenue of $555.37 million for 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, equities research analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

YETI 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.