YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in YETI Holdings, Inc. (NYSE:YETI) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,236 shares of the company’s stock after selling 819 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in YETI were worth $1,434,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Allworth Financial LP lifted its stake in shares of YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after purchasing an additional 467 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in YETI in the third quarter valued at $38,000. Blue Trust Inc. raised its position in shares of YETI by 38.4% in the fourth 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 period. Versant Capital Management Inc boosted its stake in shares of YETI by 364.3% during the 4th quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock worth $73,000 after acquiring an additional 1,479 shares in the last quarter. Finally, Quarry LP grew its position in shares of YETI by 209.8% during the 3rd quarter. Quarry LP now owns 1,927 shares of the company’s stock valued at $79,000 after acquiring an additional 1,305 shares during the period.

Analyst Ratings Changes

A number of equities analysts recently weighed in on YETI shares. TD Cowen reduced their price target on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. 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 cut their price target on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday, February 14th. Morgan Stanley decreased their price objective on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $54.00 target price (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $44.77.

YETI Trading Down 0.7 %

YETI opened at $35.38 on Tuesday. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.05 and a beta of 2.13. The company’s 50 day simple moving average is $37.59 and its two-hundred day simple moving average is $38.94. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.87 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 company had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. Analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.