BNP Paribas Financial Markets Has $6.09 Million Stake in YETI Holdings, Inc. (NYSE:YETI)

BNP Paribas Financial Markets increased its holdings in shares of YETI Holdings, Inc. (NYSE:YETIFree Report) by 319.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,092 shares of the company’s stock after purchasing an additional 120,397 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.19% of YETI worth $6,094,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in YETI. Sachetta LLC acquired a new position in YETI during the fourth quarter worth $53,000. Principal Securities Inc. acquired a new stake in YETI in the fourth quarter valued at $74,000. Signaturefd LLC lifted its stake in YETI by 27.0% in the fourth quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock valued at $90,000 after acquiring an additional 368 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in YETI in the fourth quarter valued at $100,000. Finally, Pineridge Advisors LLC acquired a new stake in YETI in the fourth quarter valued at $110,000.

Analysts Set New Price Targets

A number of analysts have commented on the stock. B. Riley cut their price target on shares of YETI from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. William Blair reiterated an “outperform” rating on shares of YETI in a research note on Wednesday, May 1st. Morgan Stanley increased their price target on shares of YETI from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Canaccord Genuity Group increased their price objective on shares of YETI from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Finally, Piper Sandler reissued an “overweight” rating and issued a $54.00 price objective (up from $52.00) on shares of YETI in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.80.

Check Out Our Latest Stock Analysis on YETI

YETI Price Performance

NYSE:YETI opened at $37.39 on Thursday. YETI Holdings, Inc. has a 52 week low of $33.88 and a 52 week high of $54.15. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.14 and a beta of 2.14. The firm’s 50-day simple moving average is $39.40 and its 200 day simple moving average is $40.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.14 and a current ratio of 2.35.

YETI (NYSE:YETIGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. YETI had a net margin of 10.32% and a return on equity of 28.81%. The business had revenue of $341.39 million for the quarter, compared to analyst estimates of $333.79 million. As a group, sell-side analysts predict that YETI Holdings, Inc. will post 2.35 earnings per share for the current year.

YETI Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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