Stifel Financial Corp Has $2.05 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Stifel Financial Corp raised its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 176.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,218 shares of the company's stock after purchasing an additional 33,999 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of YETI worth $2,049,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of YETI. Allworth Financial LP raised its position in YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after acquiring an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of YETI during the 3rd quarter valued at $38,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of YETI in the 4th quarter valued at $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in YETI in the fourth quarter worth $45,000. Finally, GeoWealth Management LLC acquired a new position in YETI during the fourth quarter worth $48,000.

YETI Stock Performance

NYSE:YETI opened at $28.46 on Tuesday. The firm has a 50 day moving average of $31.41 and a 200-day moving average of $36.07. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The stock has a market capitalization of $2.36 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The company had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. As a group, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on YETI shares. Canaccord Genuity Group lowered their price target on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. The Goldman Sachs Group cut their price target on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective on shares of YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. KeyCorp raised shares of YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $55.00 price target on shares of YETI in a report on Monday. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, YETI currently has an average rating of "Hold" and an average price target of $41.13.

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.

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