Empower Advisory Group LLC Boosts Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Empower Advisory Group LLC lifted its position in YETI Holdings, Inc. (NYSE:YETI) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 311,918 shares of the company’s stock after buying an additional 18,977 shares during the quarter. Empower Advisory Group LLC’s holdings in YETI were worth $12,798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Covestor Ltd grew its stake in YETI by 13.5% during the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $118,000 after purchasing an additional 343 shares in the last quarter. GAMMA Investing LLC grew its stake in YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after purchasing an additional 423 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its stake in YETI by 1.6% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,965 shares of the company’s stock worth $1,229,000 after purchasing an additional 465 shares in the last quarter. Arizona State Retirement System grew its stake in YETI by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock worth $928,000 after purchasing an additional 468 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in YETI by 0.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 146,236 shares of the company’s stock worth $5,637,000 after purchasing an additional 480 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on YETI. Jefferies Financial Group upped their price objective on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Bank of America cut YETI from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. TD Cowen lowered their price objective on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday. Citigroup lowered their price objective on YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Roth Mkm upped their price objective on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $45.46.

YETI Stock Down 1.8 %

Shares of NYSE YETI opened at $40.64 on Thursday. The stock has a market cap of $3.45 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.20 and a beta of 2.12. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $54.15. The business has a 50-day moving average price of $38.84 and a 200 day moving average price of $39.24.

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.