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

Raymond James Financial Inc. purchased a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 162,033 shares of the company's stock, valued at approximately $6,240,000. Raymond James Financial Inc. owned 0.19% of YETI as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of YETI during the 3rd quarter worth about $38,000. Cim Investment Management Inc. bought a new position in shares of YETI in the third quarter valued at approximately $203,000. Franklin Resources Inc. bought a new stake in YETI during the third quarter worth $626,000. Lord Abbett & CO. LLC lifted its stake in YETI by 7.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company's stock valued at $33,242,000 after acquiring an additional 53,023 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of YETI by 16.7% in the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company's stock valued at $17,922,000 after purchasing an additional 62,619 shares during the last quarter.

YETI Stock Up 0.8 %

NYSE YETI traded up $0.24 during trading hours on Tuesday, reaching $28.88. 1,043,950 shares of the company's stock traded hands, compared to its average volume of 1,683,428. 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 cap of $2.39 billion, a PE ratio of 14.07, a PEG ratio of 1.05 and a beta of 2.04. The firm has a 50-day simple moving average of $32.26 and a 200 day simple moving average of $36.48. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25.

YETI (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates 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 anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on YETI. Stifel Nicolaus cut their price objective on YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Canaccord Genuity Group decreased their price objective on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. The Goldman Sachs Group reduced their target price on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. KeyCorp raised shares of YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. Finally, UBS Group cut their price target on shares of YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $42.20.

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.