Vontobel Holding Ltd. Sells 54,332 Shares of YETI Holdings, Inc. (NYSE:YETI)

Vontobel Holding Ltd. lessened its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 77.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,191 shares of the company's stock after selling 54,332 shares during the quarter. Vontobel Holding Ltd.'s holdings in YETI were worth $838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in YETI. CWM LLC raised its position in YETI by 42.9% in the 3rd quarter. CWM LLC now owns 2,183 shares of the company's stock worth $105,000 after purchasing an additional 655 shares during the period. AE Wealth Management LLC purchased a new position in shares of YETI in the third quarter valued at about $216,000. SG Americas Securities LLC increased its position in shares of YETI by 88.5% in the third quarter. SG Americas Securities LLC now owns 5,566 shares of the company's stock valued at $268,000 after acquiring an additional 2,613 shares during the period. Xcel Wealth Management LLC increased its position in shares of YETI by 477.4% in the third quarter. Xcel Wealth Management LLC now owns 53,555 shares of the company's stock valued at $2,582,000 after acquiring an additional 44,280 shares during the period. Finally, Schwartz Investment Counsel Inc. increased its position in shares of YETI by 39.6% in the third quarter. Schwartz Investment Counsel Inc. now owns 234,250 shares of the company's stock valued at $11,296,000 after acquiring an additional 66,500 shares during the period.

YETI Stock Down 2.5 %

Shares of NYSE YETI traded down $0.93 during midday trading on Monday, hitting $36.36. The stock had a trading volume of 1,305,162 shares, compared to its average volume of 1,599,054. The business's 50 day moving average is $38.78 and its 200-day moving average is $42.76. The company has a market cap of $3.10 billion, a P/E ratio of 18.65, a PEG ratio of 1.46 and a beta of 2.29. YETI Holdings, Inc. has a 52 week low of $34.70 and a 52 week high of $54.15. The company has a quick ratio of 1.45, a current ratio of 2.30 and a debt-to-equity ratio of 0.11.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a net margin of 10.24% and a return on equity of 27.99%. The company had revenue of $519.79 million for the quarter, compared to analysts' expectations of $535.99 million. During the same period in the previous year, the firm earned $0.75 earnings per share. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts predict that YETI Holdings, Inc. will post 2.27 EPS for the current year.

Analyst Upgrades and Downgrades

YETI has been the topic of a number of analyst reports. Canaccord Genuity Group decreased their price objective on shares of YETI from $41.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, April 5th. Canaccord Genuity Group cut shares of YETI from a "buy" rating to a "hold" rating and boosted their price objective for the company from $49.00 to $50.00 in a research report on Thursday, January 4th. Raymond James decreased their price objective on shares of YETI from $55.00 to $48.00 and set an "outperform" rating on the stock in a research report on Friday, February 16th. KeyCorp lifted their target price on shares of YETI from $33.00 to $36.00 and gave the company an "underweight" rating in a research note on Friday, January 12th. Finally, Stifel Nicolaus cut their target price on shares of YETI from $43.00 to $41.00 and set a "hold" rating on the stock in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $48.29.

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.