NWK Group Inc. lifted its holdings in YETI Holdings, Inc. (NYSE:YETI – Get Rating) by 35.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,481 shares of the company’s stock after buying an additional 10,861 shares during the period. NWK Group Inc.’s holdings in YETI were worth $3,436,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of YETI. First Trust Advisors LP acquired a new stake in shares of YETI in the first quarter worth $2,135,000. Morgan Stanley boosted its position in YETI by 17.5% during the second quarter. Morgan Stanley now owns 888,163 shares of the company’s stock valued at $81,551,000 after purchasing an additional 132,276 shares during the last quarter. US Bancorp DE boosted its position in YETI by 15.6% during the third quarter. US Bancorp DE now owns 1,938 shares of the company’s stock valued at $166,000 after purchasing an additional 262 shares during the last quarter. American Century Companies Inc. boosted its position in YETI by 421.9% during the third quarter. American Century Companies Inc. now owns 75,900 shares of the company’s stock valued at $6,504,000 after purchasing an additional 61,356 shares during the last quarter. Finally, Aviva PLC bought a new position in YETI during the third quarter valued at about $1,495,000. 96.33% of the stock is owned by institutional investors and hedge funds.
YETI traded up $0.78 on Friday, hitting $46.11. 1,309,614 shares of the stock traded hands, compared to its average volume of 1,469,972. YETI Holdings, Inc. has a 52 week low of $38.77 and a 52 week high of $108.82. The company has a current ratio of 1.82, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.97 billion, a PE ratio of 19.71, a P/E/G ratio of 1.03 and a beta of 2.57. The business has a fifty day moving average price of $52.28 and a two-hundred day moving average price of $67.53.
YETI has been the topic of several recent research reports. Roth Capital cut their target price on YETI from $80.00 to $48.00 in a report on Thursday, May 12th. Cowen cut their target price on YETI from $89.00 to $71.00 in a report on Thursday, May 12th. Stifel Nicolaus cut their target price on YETI from $71.00 to $50.00 in a report on Thursday, May 12th. Piper Sandler cut their target price on YETI from $124.00 to $89.00 in a report on Wednesday, February 16th. Finally, Jefferies Financial Group cut their target price on YETI from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 18th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $86.42.
YETI Profile (Get Rating)
YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.
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