US Bancorp DE Sells 2,388 Shares of YETI Holdings, Inc. (NYSE:YETI)

US Bancorp DE trimmed its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 58.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,721 shares of the company’s stock after selling 2,388 shares during the period. US Bancorp DE’s holdings in YETI were worth $66,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of YETI by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after buying an additional 62,619 shares in the last quarter. Algert Global LLC raised its position in shares of YETI by 443.0% during the third quarter. Algert Global LLC now owns 47,550 shares of the company’s stock worth $1,951,000 after purchasing an additional 38,793 shares during the period. Truist Financial Corp raised its position in shares of YETI by 304.2% during the fourth quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock worth $1,098,000 after purchasing an additional 21,450 shares during the period. Qsemble Capital Management LP raised 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 purchasing an additional 20,253 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of YETI during the third quarter worth approximately $1,415,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on YETI shares. UBS Group lowered their target price on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley lowered their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. KeyCorp lowered their price target on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus lowered their price target on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, Canaccord Genuity Group lowered their price target on YETI from $44.00 to $42.00 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $44.77.

YETI Stock Up 5.8 %

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

YETI (NYSE:YETI) last issued its 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 return on equity of 28.23% and a net margin of 9.60%. The company had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. As a group, equities research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

About YETI

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.