YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Centiva Capital LP

Centiva Capital LP decreased its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 81.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,880 shares of the company's stock after selling 53,695 shares during the period. Centiva Capital LP's holdings in YETI were worth $457,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of YETI. Jones Financial Companies Lllp increased its stake in YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock valued at $59,000 after purchasing an additional 280 shares during the period. Atria Investments Inc grew its holdings in shares of YETI by 4.2% during the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company's stock worth $312,000 after buying an additional 328 shares during the last quarter. Pacer Advisors Inc. increased its position in YETI by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company's stock valued at $487,000 after acquiring an additional 332 shares during the period. Blue Trust Inc. raised its stake in YETI by 38.4% during 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. Finally, Xponance Inc. lifted its position in YETI by 2.6% during the 4th quarter. Xponance Inc. now owns 13,250 shares of the company's stock worth $510,000 after acquiring an additional 340 shares during the period.

YETI Price Performance

YETI traded down $0.04 during trading on Tuesday, reaching $31.67. 2,918,987 shares of the stock were exchanged, compared to its average volume of 1,715,650. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.05 and a beta of 1.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The business's 50 day moving average price is $30.73 and its two-hundred day moving average price is $35.78.

YETI (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The company had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. As a group, equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on YETI shares. Canaccord Genuity Group dropped their target price on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Morgan Stanley boosted their price objective on shares of YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday. The Goldman Sachs Group reduced their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler dropped their price target on shares of YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $55.00 price objective on shares of YETI in a research report on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $39.40.

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.