Mutual of America Capital Management LLC Trims Holdings in YETI Holdings, Inc. (NYSE:YETI)

Mutual of America Capital Management LLC trimmed its position in YETI Holdings, Inc. (NYSE:YETI) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,808 shares of the company’s stock after selling 944 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of YETI worth $1,726,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YETI. JPMorgan Chase & Co. boosted its stake in YETI by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after purchasing an additional 62,619 shares during the period. Algert Global LLC boosted its stake in YETI by 443.0% in the 3rd 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 boosted its stake in YETI by 304.2% in the 4th 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 boosted its stake in YETI by 320.3% in the 3rd 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 bought a new position in YETI in the 3rd quarter worth approximately $1,415,000.

YETI Trading Up 2.0 %

YETI stock opened at $35.67 on Friday. YETI Holdings, Inc. has a 52 week low of $33.36 and a 52 week high of $45.25. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The stock has a 50-day moving average price of $37.22 and a 200 day moving average price of $38.79. 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 announced its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. Sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Canaccord Genuity Group dropped their price target on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Stifel Nicolaus dropped their price target on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Morgan Stanley lowered their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. KeyCorp lowered their target price on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Finally, TD Cowen lowered their target price on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, YETI presently has a consensus rating of “Hold” and a consensus target price 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.