Ameriprise Financial Inc. Cuts Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Ameriprise Financial Inc. lessened its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 247,655 shares of the company's stock after selling 32,236 shares during the period. Ameriprise Financial Inc. owned about 0.29% of YETI worth $9,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in YETI by 22.5% during 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 lifted its position in YETI by 4.2% during the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company's stock valued at $312,000 after purchasing an additional 328 shares during the period. Pacer Advisors Inc. lifted its position in YETI by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 12,646 shares of the company's stock valued at $487,000 after purchasing an additional 332 shares during the period. Blue Trust Inc. lifted its position in YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock valued at $49,000 after purchasing an additional 333 shares during the period. Finally, Xponance Inc. lifted its position in YETI by 2.6% during the fourth quarter. Xponance Inc. now owns 13,250 shares of the company's stock valued at $510,000 after purchasing an additional 340 shares during the period.

Analyst Ratings Changes

YETI has been the topic of a number of research analyst reports. Raymond James lowered their price objective on shares of YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. KeyCorp upgraded shares of YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Canaccord Genuity Group decreased their price target on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. The Goldman Sachs Group decreased their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley increased their price target on shares of YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.40.

YETI Price Performance

Shares of YETI stock traded down $0.61 on Friday, hitting $29.52. 1,642,752 shares of the stock traded hands, compared to its average volume of 1,754,998. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.05 and a beta of 1.91. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The firm has a 50 day simple moving average of $30.39 and a two-hundred day simple moving average of $35.56. 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 (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $351.13 million for the quarter, compared to the consensus estimate of $347.72 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. The company's revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. As a group, equities research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal 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.