Crossmark Global Holdings Inc. Cuts Holdings in YETI Holdings, Inc. (NYSE:YETI)

Crossmark Global Holdings Inc. trimmed its holdings in shares of YETI Holdings, Inc. (NYSE:YETIFree Report) by 86.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,974 shares of the company’s stock after selling 74,476 shares during the period. Crossmark Global Holdings Inc.’s holdings in YETI were worth $461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in YETI by 23.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 80,525 shares of the company’s stock valued at $3,072,000 after buying an additional 15,469 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of YETI by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after buying an additional 179,005 shares during the last quarter. Sei Investments Co. grew its holdings in shares of YETI by 46.6% during the second quarter. Sei Investments Co. now owns 203,137 shares of the company’s stock valued at $7,750,000 after purchasing an additional 64,618 shares during the last quarter. ProShare Advisors LLC acquired a new stake in YETI in the second quarter worth $153,000. Finally, Toronto Dominion Bank increased its holdings in shares of YETI by 522,800.0% in the 2nd quarter. Toronto Dominion Bank now owns 15,687 shares of the company’s stock worth $598,000 after acquiring an additional 15,684 shares during the period.

Wall Street Analyst Weigh In

YETI has been the topic of several recent analyst reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 target price on shares of YETI in a research note on Thursday, November 14th. TD Cowen reduced their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. UBS Group decreased their price target on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Piper Sandler reiterated an “overweight” rating and set a $54.00 price objective (down from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $44.69.

Get Our Latest Stock Report on YETI

YETI Stock Down 0.8 %

Shares of YETI stock opened at $37.55 on Monday. The stock’s 50 day simple moving average is $39.60 and its 200 day simple moving average is $39.38. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $49.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.07 and a beta of 2.14.

YETI 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

Want to see what other hedge funds are holding YETI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for YETI Holdings, Inc. (NYSE:YETIFree Report).

Institutional Ownership by Quarter for YETI (NYSE:YETI)

Receive News & Ratings for YETI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YETI and related companies with MarketBeat.com's FREE daily email newsletter.