YETI Holdings, Inc. (NYSE:YETI) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 158.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,625 shares of the company's stock after purchasing an additional 12,660 shares during the period. Cetera Investment Advisers' holdings in YETI were worth $794,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Allworth Financial LP raised its position in YETI by 237.1% during 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 in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in YETI during the 4th quarter valued at $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in YETI during the 4th quarter valued at $45,000. GeoWealth Management LLC bought a new stake in YETI during the 4th quarter valued at $48,000. Finally, Blue Trust Inc. raised its position in YETI by 38.4% during the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock valued at $49,000 after purchasing an additional 333 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently issued reports on YETI. Morgan Stanley lifted their price target on YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Raymond James cut their price target on YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Piper Sandler cut their price target on YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Robert W. Baird dropped their target price on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, UBS Group dropped their target price on YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, YETI has a consensus rating of "Hold" and an average target price of $39.40.

YETI Stock Performance

YETI traded up $0.83 on Thursday, reaching $30.27. 1,108,563 shares of the stock were exchanged, compared to its average volume of 2,096,317. The company's 50-day moving average price is $30.00 and its 200 day moving average price is $35.34. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week 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. The firm has a market capitalization of $2.51 billion, a PE ratio of 14.69, a PEG ratio of 1.05 and a beta of 1.91.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The company had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. As a group, sell-side analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.