YETI Holdings, Inc. (NYSE:YETI) Shares Sold by AlphaQuest LLC

AlphaQuest LLC cut its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 85.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,218 shares of the company’s stock after selling 7,065 shares during the period. AlphaQuest LLC’s holdings in YETI were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its position in shares of YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after acquiring an additional 280 shares during the period. Central Pacific Bank Trust Division raised its position in shares of YETI by 6.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock worth $179,000 after acquiring an additional 290 shares during the period. Atria Investments Inc raised its position in shares of YETI by 4.2% in the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company’s stock worth $312,000 after acquiring an additional 328 shares during the period. Pacer Advisors Inc. raised its position in shares of YETI by 2.7% in the fourth quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock worth $487,000 after acquiring an additional 332 shares during the period. Finally, Blue Trust Inc. raised its position in shares of YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after acquiring an additional 333 shares during the period.

YETI Stock Up 1.3 %

Shares of NYSE YETI opened at $34.69 on Friday. YETI Holdings, Inc. has a 12-month low of $31.48 and a 12-month high of $45.25. The stock has a market cap of $2.86 billion, a PE ratio of 16.84, a P/E/G ratio of 1.05 and a beta of 2.15. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $36.44 and a 200 day moving average of $38.38.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (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 business had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. As a group, sell-side analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. KeyCorp decreased their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. UBS Group decreased their price objective on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Morgan Stanley reduced their price target on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Canaccord Genuity Group reduced their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, Stifel Nicolaus reduced their price target on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, YETI has a consensus rating of “Hold” and a consensus price target of $44.77.

YETI Profile

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.