Oppenheimer Asset Management Inc. Has $1.53 Million Holdings in YETI Holdings, Inc. (NYSE:YETI)

Oppenheimer Asset Management Inc. lifted its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 24.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,320 shares of the company's stock after buying an additional 9,084 shares during the period. Oppenheimer Asset Management Inc. owned about 0.06% of YETI worth $1,533,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Wasatch Advisors LP increased its holdings in shares of YETI by 0.9% during the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock worth $212,924,000 after buying an additional 51,443 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of YETI by 15.9% during the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock worth $137,114,000 after buying an additional 489,063 shares in the last quarter. Gates Capital Management Inc. acquired a new position in shares of YETI during the fourth quarter worth $135,356,000. Dimensional Fund Advisors LP increased its holdings in shares of YETI by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock worth $57,812,000 after buying an additional 22,123 shares in the last quarter. Finally, Congress Asset Management Co. increased its holdings in YETI by 7.7% in the first quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company's stock valued at $40,315,000 after purchasing an additional 86,906 shares during the period.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on YETI shares. Piper Sandler decreased their price objective on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Morgan Stanley increased their price objective on YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Jefferies Financial Group restated a "buy" rating and issued a $55.00 price objective on shares of YETI in a report on Monday, May 5th. Robert W. Baird decreased their price objective on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, UBS Group decreased their price objective on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $39.40.

YETI Stock Performance

Shares of YETI stock opened at $30.62 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $30.07 and a two-hundred day moving average price of $33.87. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. The company has a market cap of $2.54 billion, a P/E ratio of 14.72, a PEG ratio of 2.59 and a beta of 1.88.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. YETI had a return on equity of 26.48% and a net margin of 9.59%. The firm had revenue of $351.13 million during the quarter, compared to the consensus estimate of $347.72 million. During the same period last year, the business posted $0.34 EPS. The business's revenue was up 2.8% compared to the same quarter last year. As a group, analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current 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.

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