YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Parthenon LLC

Parthenon LLC cut its position in YETI Holdings, Inc. (NYSE:YETI) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,885 shares of the company’s stock after selling 2,300 shares during the quarter. YETI accounts for 1.0% of Parthenon LLC’s holdings, making the stock its 28th largest holding. Parthenon LLC owned approximately 0.26% of YETI worth $8,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of YETI. Central Pacific Bank Trust Division lifted its position in shares of YETI by 6.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock worth $179,000 after purchasing an additional 290 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in YETI by 2.7% during the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock worth $487,000 after buying an additional 332 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after acquiring an additional 333 shares during the last quarter. Covestor Ltd raised its position in shares of YETI by 13.5% during the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $118,000 after acquiring an additional 343 shares in the last quarter. Finally, Peloton Wealth Strategists lifted its stake in YETI by 0.4% during the third quarter. Peloton Wealth Strategists now owns 86,275 shares of the company’s stock worth $3,540,000 after purchasing an additional 350 shares during the last quarter.

Analyst Ratings Changes

YETI has been the subject of several recent analyst reports. KeyCorp reduced their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Canaccord Genuity Group decreased their price objective on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Morgan Stanley cut 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. UBS Group dropped their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, TD Cowen reduced their price objective on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.77.

YETI Price Performance

YETI stock opened at $37.07 on Thursday. The company has a market cap of $3.14 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.09 and a beta of 2.13. YETI Holdings, Inc. has a one year low of $33.41 and a one year high of $45.25. The business has a fifty day moving average of $38.41 and a two-hundred day moving average of $39.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $554.08 million. As a group, analysts predict that YETI Holdings, Inc. will post 2.59 earnings per share for the current fiscal 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.