Steward Partners Investment Advisory LLC Trims Position in YETI Holdings, Inc. (NYSE:YETI)

Steward Partners Investment Advisory LLC decreased its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 14.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,375 shares of the company’s stock after selling 400 shares during the period. Steward Partners Investment Advisory LLC’s holdings in YETI were worth $91,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of YETI. Allworth Financial LP lifted its stake in shares of YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after buying an additional 467 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of YETI during the third quarter valued at approximately $38,000. Blue Trust Inc. lifted its stake in shares of YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after buying an additional 333 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of YETI by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock valued at $59,000 after buying an additional 280 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of YETI by 364.3% during the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock valued at $73,000 after buying an additional 1,479 shares during the period.

Wall Street Analysts Forecast Growth

YETI has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Morgan Stanley cut their price target on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Canaccord Genuity Group cut their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. KeyCorp cut their price target on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Finally, UBS Group cut their price target on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $44.77.

YETI Price Performance

YETI stock opened at $34.05 on Tuesday. YETI Holdings, Inc. has a 52-week low of $31.48 and a 52-week high of $45.25. The firm has a fifty day moving average of $36.64 and a 200-day moving average of $38.47. The firm has a market capitalization of $2.80 billion, a P/E ratio of 16.53, a PEG ratio of 1.05 and a beta of 2.15. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last released 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 return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. As a group, analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

YETI Company 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.