YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. lowered its stake in YETI Holdings, Inc. (NYSE:YETI) by 9.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,712,460 shares of the company’s stock after selling 835,158 shares during the quarter. Baillie Gifford & Co. owned about 0.09% of YETI worth $297,007,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Allworth Financial LP grew its stake in shares of YETI by 237.1% in 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 in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of YETI in the third quarter valued at about $26,000. Blue Trust Inc. grew its stake in shares of YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after buying an additional 630 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in YETI in the third quarter valued at about $38,000. Finally, Exchange Traded Concepts LLC boosted its holdings in YETI by 48.3% in the third quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock valued at $63,000 after purchasing an additional 500 shares during the last quarter.

YETI Trading Up 1.2 %

Shares of NYSE YETI opened at $38.02 on Monday. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.06 and a beta of 2.13. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $45.25. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $38.78 and its 200 day simple moving average is $39.19.

YETI (NYSE:YETI) last announced its quarterly 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). The company had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.31% and a net margin of 11.15%. Equities research analysts expect that YETI Holdings, Inc. will post 2.37 EPS for the current year.

Wall Street Analysts Forecast Growth

YETI has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday. KeyCorp reduced their price target on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. TD Cowen reduced their price target on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. Piper Sandler reissued an “overweight” rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Finally, Stifel Nicolaus reduced their price target on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday. One equities research 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’s stock. According to MarketBeat, YETI has a consensus rating of “Hold” and an average target price 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.