Mitsubishi UFJ Trust & Banking Corp Decreases Holdings in YETI Holdings, Inc. (NYSE:YETI)

Mitsubishi UFJ Trust & Banking Corp lowered its position in YETI Holdings, Inc. (NYSE:YETI) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,795 shares of the company’s stock after selling 35,410 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.44% of YETI worth $14,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of YETI by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock valued at $17,922,000 after purchasing an additional 62,619 shares in the last quarter. Truist Financial Corp boosted its position in YETI by 304.2% during the fourth quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock valued at $1,098,000 after buying an additional 21,450 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of YETI by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock valued at $29,790,000 after buying an additional 39,709 shares during the last quarter. Point72 Hong Kong Ltd increased its holdings in shares of YETI by 3,094.3% in the third quarter. Point72 Hong Kong Ltd now owns 79,090 shares of the company’s stock worth $3,245,000 after buying an additional 76,614 shares during the period. Finally, Chase Investment Counsel Corp bought a new stake in shares of YETI in the 4th quarter valued at about $1,463,000.

YETI Price Performance

YETI opened at $33.10 on Friday. The company’s 50-day simple moving average is $36.02 and its two-hundred day simple moving average is $38.20. YETI Holdings, Inc. has a 52-week low of $31.48 and a 52-week high of $45.25. The stock has a market capitalization of $2.73 billion, a P/E ratio of 16.07, a P/E/G ratio of 1.05 and a beta of 2.15. 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 issued its earnings results 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 company had revenue of $555.37 million during the quarter, compared to analysts’ expectations of $554.08 million. As a group, analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

YETI has been the topic of several recent research reports. UBS Group reduced their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus decreased their target price 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 lowered their price target on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report 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 report on Friday, February 14th. Finally, KeyCorp lowered their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $44.77.

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.