Yousif Capital Management LLC Reduces Holdings in YETI Holdings, Inc. (NYSE:YETI)

Yousif Capital Management LLC reduced its position in YETI Holdings, Inc. (NYSE:YETI) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,833 shares of the company’s stock after selling 1,384 shares during the period. Yousif Capital Management LLC’s holdings in YETI were worth $1,149,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of YETI by 16.7% in the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after acquiring an additional 62,619 shares in the last quarter. Algert Global LLC raised its position in shares of YETI by 443.0% in the 3rd quarter. Algert Global LLC now owns 47,550 shares of the company’s stock valued at $1,951,000 after purchasing an additional 38,793 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of YETI by 26,657.7% during the 3rd quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock valued at $1,790,000 after buying an additional 43,452 shares during the last quarter. Qsemble Capital Management LP grew its position in shares of YETI by 320.3% during the third quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock worth $1,090,000 after buying an additional 20,253 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of YETI in the third quarter worth $1,415,000.

Analysts Set New Price Targets

YETI has been the topic of a number of research analyst reports. Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 price objective on shares of YETI in a research note on Thursday, November 14th. Bank of America cut shares of YETI from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. KeyCorp lowered their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. TD Cowen reduced their target price on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Finally, UBS Group decreased their target price on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.69.

YETI Price Performance

Shares of NYSE YETI opened at $37.54 on Friday. The business’s fifty day moving average price is $38.87 and its two-hundred day moving average price is $39.23. The firm has a market capitalization of $3.18 billion, a PE ratio of 16.11, a P/E/G ratio of 1.06 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $48.76.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a net margin of 11.15% and a return on equity of 28.31%. On average, research analysts expect that YETI Holdings, Inc. will post 2.37 EPS for the current year.

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.