PDT Partners LLC Sells 10,457 Shares of YETI Holdings, Inc. (NYSE:YETI)

PDT Partners LLC cut its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 28.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,307 shares of the company's stock after selling 10,457 shares during the quarter. PDT Partners LLC's holdings in YETI were worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Pinebridge Investments L.P. raised its position in shares of YETI by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 38,074 shares of the company's stock worth $1,466,000 after buying an additional 11,391 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of YETI by 1,172.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,807 shares of the company's stock valued at $609,000 after acquiring an additional 14,565 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of YETI by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company's stock valued at $17,922,000 after acquiring an additional 62,619 shares during the last quarter. Boothbay Fund Management LLC grew its holdings in shares of YETI by 983.0% during the fourth quarter. Boothbay Fund Management LLC now owns 120,973 shares of the company's stock worth $4,659,000 after purchasing an additional 109,803 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of YETI by 304.2% in the fourth quarter. Truist Financial Corp now owns 28,501 shares of the company's stock worth $1,098,000 after purchasing an additional 21,450 shares during the last quarter.

YETI Trading Up 1.7 %

Shares of YETI stock traded up $0.49 during mid-day trading on Friday, reaching $28.84. The stock had a trading volume of 4,007,504 shares, compared to its average volume of 1,696,440. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The stock's 50-day moving average price is $31.59 and its two-hundred day moving average price is $36.16. The firm has a market capitalization of $2.39 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week 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 analysts' consensus estimates of $0.93 by ($0.06). The business had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. Equities analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on YETI. Stifel Nicolaus decreased their price target on shares of YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. Morgan Stanley dropped their price target on YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Robert W. Baird cut their price objective on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, UBS Group dropped their target price on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $42.20.

About YETI

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.