Capital International Investors Cuts Stake in YETI Holdings, Inc. (NYSE:YETI)

Capital International Investors lowered its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 47.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 641,400 shares of the company's stock after selling 590,700 shares during the period. Capital International Investors owned 0.76% of YETI worth $24,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp increased its position in YETI by 42.5% in the third quarter. Stifel Financial Corp now owns 19,219 shares of the company's stock worth $789,000 after purchasing an additional 5,731 shares during the last quarter. Geode Capital Management LLC raised its position in shares of YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock valued at $58,573,000 after buying an additional 7,382 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of YETI in the 3rd quarter valued at about $38,000. Cim Investment Management Inc. purchased a new position in YETI in the third quarter worth about $203,000. Finally, Franklin Resources Inc. bought a new stake in YETI during the third quarter worth approximately $626,000.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of analyst reports. UBS Group lowered their price target on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Canaccord Genuity Group lowered their target price on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a report on Friday, February 14th. Morgan Stanley reduced their price objective on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Robert W. Baird cut their target price on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Stifel Nicolaus dropped their price objective on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, YETI currently has a consensus rating of "Hold" and a consensus target price of $42.20.

YETI Stock Down 0.7 %

YETI stock traded down $0.20 during trading on Friday, hitting $28.84. 1,432,102 shares of the company's stock traded hands, compared to its average volume of 1,683,237. The business has a fifty day simple moving average of $32.43 and a two-hundred day simple moving average of $36.64. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.39 billion, a P/E ratio of 14.00, a PEG ratio of 1.05 and a beta of 2.04. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25.

YETI (NYSE:YETI - Get Free Report) last released its quarterly 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. Sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

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.