Raymond James Financial Inc. Purchases Shares of 162,033 YETI Holdings, Inc. (NYSE:YETI)

Raymond James Financial Inc. acquired a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 162,033 shares of the company's stock, valued at approximately $6,240,000. Raymond James Financial Inc. owned about 0.19% of YETI at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock valued at $58,573,000 after purchasing an additional 7,382 shares during the last quarter. Congress Asset Management Co. lifted its stake in shares of YETI by 5.6% during the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company's stock worth $43,557,000 after buying an additional 60,407 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of YETI by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company's stock worth $31,994,000 after buying an additional 5,987 shares during the period. Lord Abbett & CO. LLC grew its stake in YETI by 7.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company's stock valued at $33,242,000 after buying an additional 53,023 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in YETI by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company's stock valued at $29,790,000 after acquiring an additional 39,709 shares during the period.

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Analyst Ratings Changes

Several research firms have recently commented on YETI. Canaccord Genuity Group decreased their target price on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Stifel Nicolaus reduced their target price on shares of YETI from $45.00 to $40.00 and set a "hold" rating for the company in a research report on Friday, February 14th. KeyCorp lowered their price target on shares of YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley cut 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 lowered their target price on shares of YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a 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. According to data from MarketBeat.com, YETI has a consensus rating of "Hold" and an average price target of $44.77.

YETI Trading Down 2.5 %

Shares of YETI stock traded down $0.85 on Friday, hitting $33.10. The stock had a trading volume of 1,263,841 shares, compared to its average volume of 1,618,711. The stock has a 50 day moving average of $36.11 and a 200 day moving average of $38.22. 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 twelve month low of $31.48 and a twelve month high of $45.25. The firm has a market capitalization of $2.73 billion, a P/E ratio of 16.07, a PEG ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business 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%. Sell-side analysts expect 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.