Bank of America Corp DE Has $25.45 Million Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Bank of America Corp DE lessened its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 660,755 shares of the company's stock after selling 101,921 shares during the quarter. Bank of America Corp DE owned 0.78% of YETI worth $25,446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in YETI. Benjamin Edwards Inc. purchased a new position in shares of YETI during the fourth quarter valued at approximately $471,000. Algert Global LLC increased its position in YETI by 36.7% during the fourth quarter. Algert Global LLC now owns 64,991 shares of the company's stock worth $2,503,000 after purchasing an additional 17,441 shares during the last quarter. Freestone Grove Partners LP purchased a new position in YETI during the fourth quarter worth approximately $249,000. Schonfeld Strategic Advisors LLC raised its stake in YETI by 51.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 154,848 shares of the company's stock worth $5,963,000 after purchasing an additional 52,558 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of YETI by 25.1% in the 4th quarter. AQR Capital Management LLC now owns 163,995 shares of the company's stock valued at $6,315,000 after purchasing an additional 32,862 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on YETI shares. Robert W. Baird dropped their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Morgan Stanley raised 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. Piper Sandler cut their price target on shares of YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Jefferies Financial Group reissued a "buy" rating and set a $55.00 price objective on shares of YETI in a report on Monday, May 5th. Finally, Stifel Nicolaus cut their target price on shares of YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, YETI presently has an average rating of "Hold" and an average target price of $39.40.

YETI Stock Down 5.0%

Shares of YETI stock traded down $1.57 during midday trading on Wednesday, reaching $29.74. 2,384,275 shares of the company's stock traded hands, compared to its average volume of 1,744,569. 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 Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The company's 50 day simple moving average is $30.46 and its 200 day simple moving average is $35.61. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. The business had revenue of $351.13 million for the quarter, compared to the consensus estimate of $347.72 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. Equities analysts expect 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.