Seacrest Wealth Management LLC acquired Yeti Holdings, Inc. during the second quarter. (NYSE: YETI – Receive Rating) acquired a new stake in shares of YET, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,411 shares of the company’s stock, valued at approximately $61,000.
Several other large investors have also recently modified their holdings of YETI. Capital World Investors increased its stake in YETI shares by 23.4% during the first quarter. Capital World Investors now owns 7,266,836 shares of the company’s stock valued at $435,865,000 after purchasing an additional 1,376,536 shares in the last quarter. Loomis Sayles & Company LP purchased a new position in Yeti shares valued at approximately $40,350,000 during the second quarter. Van Berkom & Associates Inc. purchased a new position in YETI shares valued at approximately $36,772,000 during the second quarter. American Century Companies Inc. raised its stake in YETI shares to 38.7% during the first quarter. American Century Companies Inc., after buying an additional 780,015 shares last quarter. holds 2,793,406 shares of the company’s stock valued at $167,549,000. Finally, Capital International Investors increased its holding in YETI shares to 67.3% during the first quarter. Capital International Investors now owns 1,795,128 shares of the company’s stock valued at $107,672,000 after purchasing an additional 721,816 shares in the last quarter. 99.64% of the stock is owned by hedge funds and other institutional investors.
YETI stock performance
Shares of YETI stock opened on Friday at $42.16. The company has a current ratio of 2.34, quick ratio of 0.74 and debt-to-equity ratio of 0.14. The firm has a market capitalization of $3.64 billion, a P/E ratio of 19.52, a P/E/G ratio of 1.30, and a beta of 2.46. The fifty-day simple moving average of the business is $33.23 and the two hundred-day simple moving average is $40.70. YETI Holdings, Inc. The 12-month low is $27.86 and the 12-month high is $107.10.
Analysts set new price targets
Several brokerages have commented on YETI. Robert W. Baird cut his price target on YETI from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, November 11. Jefferies Financial Group cut their price target on YETI from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, August 5. Bank of America cut YETI from “buy” rating to “neutral” rating and decreased its price target for the stock from $85.00 to $50.00 in a research note on Thursday, August 4. UBS Group cut its price target on YETI to $45.00 in a research note on Wednesday. Finally, Citigroup lifted its price target on YETI from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, November 11. Four analysts have a hold rating on the stock and eleven have issued a buy rating to the stock. The company currently has an average rating of “medium buy” and an average target price of $59.00, based on data from MarketBeat.com.
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 related accessories. It also offers drinkware products, such as colesters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles and jugs, as well as accessories such as bottle straw caps, tumbler handles, jug mounts and bottle slings offered under the Rambler brand. We do.
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