Zurcher Kantonalbank Zurich Cantonalbank Grows Position in YETI Holdings, Inc. (NYSE:YETI)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in YETI Holdings, Inc. (NYSE:YETI) by 31.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,429 shares of the company’s stock after buying an additional 4,696 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in YETI were worth $1,006,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Ieq Capital LLC grew its stake in shares of YETI by 2.2% in the third quarter. Ieq Capital LLC now owns 11,091 shares of the company’s stock valued at $535,000 after buying an additional 236 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of YETI by 5.8% in the fourth quarter. SG Americas Securities LLC now owns 5,890 shares of the company’s stock valued at $305,000 after buying an additional 324 shares in the last quarter. Arizona State Retirement System grew its stake in shares of YETI by 1.4% in the third quarter. Arizona State Retirement System now owns 24,671 shares of the company’s stock valued at $1,190,000 after buying an additional 337 shares in the last quarter. Columbia Asset Management grew its stake in shares of YETI by 2.9% in the third quarter. Columbia Asset Management now owns 13,655 shares of the company’s stock valued at $658,000 after buying an additional 390 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in YETI by 1.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 36,630 shares of the company’s stock valued at $1,897,000 after purchasing an additional 554 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. B. Riley lowered their price objective on YETI from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday. Stifel Nicolaus lowered their price objective on YETI from $43.00 to $41.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Canaccord Genuity Group lowered YETI from a “buy” rating to a “hold” rating and raised their price objective for the company from $49.00 to $50.00 in a research note on Thursday, January 4th. Canaccord Genuity Group lowered their price objective on YETI from $41.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Finally, Raymond James lowered their price objective on YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.00.

YETI Price Performance

Shares of YETI opened at $36.15 on Friday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.42 and a beta of 2.29. The stock has a 50 day moving average of $38.13 and a 200-day moving average of $42.62. The company has a current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a 52 week low of $34.70 and a 52 week high of $54.15.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.06). The company had revenue of $519.79 million during the quarter, compared to the consensus estimate of $535.99 million. YETI had a return on equity of 27.99% and a net margin of 10.24%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. As a group, analysts forecast that YETI Holdings, Inc. will post 2.27 EPS for the current year.

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.