Public Employees Retirement System of Ohio Increases Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Public Employees Retirement System of Ohio boosted its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 49.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,829 shares of the company's stock after purchasing an additional 51,756 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.18% of YETI worth $6,001,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jones Financial Companies Lllp raised its stake in YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock valued at $59,000 after purchasing an additional 280 shares in the last quarter. Atria Investments Inc raised its stake in YETI by 4.2% during the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company's stock worth $312,000 after acquiring an additional 328 shares in the last quarter. Pacer Advisors Inc. raised its stake in YETI by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 12,646 shares of the company's stock worth $487,000 after acquiring an additional 332 shares in the last quarter. Blue Trust Inc. raised its stake in YETI by 38.4% during 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 in the last quarter. Finally, Xponance Inc. raised its stake in YETI by 2.6% during the fourth quarter. Xponance Inc. now owns 13,250 shares of the company's stock worth $510,000 after acquiring an additional 340 shares in the last quarter.

Analysts Set New Price Targets

YETI has been the subject of several research analyst reports. Morgan Stanley boosted their target price on YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Robert W. Baird reduced their price target on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Stifel Nicolaus reduced their price target on YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Raymond James reduced 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. Finally, KeyCorp upgraded YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $39.40.

YETI Trading Up 0.2%

YETI stock traded up $0.05 during mid-day trading on Friday, hitting $30.57. The company's stock had a trading volume of 2,296,280 shares, compared to its average volume of 1,777,295. The firm has a market capitalization of $2.53 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average is $29.86 and its two-hundred day moving average is $35.19.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $351.13 million for 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 company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. On average, analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current 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.