Optimize Financial Inc Invests $524,000 in YETI Holdings, Inc. (NYSE:YETI)

Optimize Financial Inc bought a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,607 shares of the company's stock, valued at approximately $524,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in YETI by 56.2% in the third quarter. FMR LLC now owns 12,037 shares of the company's stock worth $494,000 after purchasing an additional 4,329 shares during the period. Captrust Financial Advisors grew its stake in shares of YETI by 5.5% in the 3rd quarter. Captrust Financial Advisors now owns 9,472 shares of the company's stock worth $389,000 after buying an additional 496 shares during the last quarter. Stifel Financial Corp increased its position in YETI by 42.5% during the 3rd quarter. Stifel Financial Corp now owns 19,219 shares of the company's stock valued at $789,000 after buying an additional 5,731 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in YETI by 246.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 20,789 shares of the company's stock valued at $853,000 after buying an additional 14,782 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in YETI by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock worth $58,573,000 after acquiring an additional 7,382 shares in the last quarter.

YETI Stock Performance

NYSE:YETI traded down $0.58 on Tuesday, hitting $28.25. The stock had a trading volume of 1,553,581 shares, compared to its average volume of 1,674,924. The business's 50-day simple moving average is $33.95 and its two-hundred day simple moving average is $37.33. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. YETI Holdings, Inc. has a 52-week low of $26.66 and a 52-week high of $45.25. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

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YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings data 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). YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million during the quarter, compared to analysts' expectations of $554.08 million. As a group, research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on YETI shares. Canaccord Genuity Group lowered their price target on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Friday, February 14th. KeyCorp decreased their target price on shares of YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Robert W. Baird cut their price target on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday. Morgan Stanley decreased their price objective on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Finally, UBS Group cut their target price on YETI from $44.00 to $43.00 and set a "neutral" rating on the stock 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 six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $44.00.

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.