Yarbrough Capital LLC Sells 6,656 Shares of YETI Holdings, Inc. (NYSE:YETI)

Yarbrough Capital LLC cut its holdings in YETI Holdings, Inc. (NYSE:YETIGet Rating) by 40.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,851 shares of the company’s stock after selling 6,656 shares during the period. Yarbrough Capital LLC’s holdings in YETI were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of YETI. Newbridge Financial Services Group Inc. bought a new position in shares of YETI in the 4th quarter worth about $25,000. CWM LLC bought a new position in shares of YETI in the 4th quarter worth about $26,000. UMB Bank N A MO bought a new position in shares of YETI in the 4th quarter worth about $28,000. Global Wealth Management Investment Advisory Inc. raised its position in shares of YETI by 1,217.6% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 448 shares of the company’s stock worth $37,000 after acquiring an additional 414 shares in the last quarter. Finally, KRS Capital Management LLC bought a new position in shares of YETI in the 4th quarter worth about $49,000. 96.33% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE YETI traded up $1.72 during midday trading on Thursday, reaching $44.67. The company’s stock had a trading volume of 5,324 shares, compared to its average volume of 1,311,736. YETI Holdings, Inc. has a 12-month low of $38.77 and a 12-month high of $108.82. The firm has a 50 day moving average price of $47.32 and a 200-day moving average price of $60.94. The stock has a market capitalization of $3.85 billion, a P/E ratio of 18.35, a PEG ratio of 0.97 and a beta of 2.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.82 and a quick ratio of 0.64.

YETI (NYSE:YETIGet Rating) last announced its earnings results on Wednesday, May 11th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. YETI had a return on equity of 47.22% and a net margin of 14.26%. The firm had revenue of $293.63 million for the quarter, compared to the consensus estimate of $290.13 million. During the same quarter in the previous year, the business earned $0.35 EPS. On average, equities analysts predict that YETI Holdings, Inc. will post 2.71 EPS for the current year.

Several analysts have recently commented on the company. Cowen reduced their target price on YETI from $89.00 to $71.00 in a research note on Thursday, May 12th. Robert W. Baird reduced their target price on YETI from $90.00 to $70.00 in a research note on Thursday, May 12th. Berenberg Bank upgraded YETI from a “hold” rating to a “buy” rating and reduced their target price for the company from $103.00 to $92.00 in a research note on Thursday, April 7th. Citigroup reduced their target price on YETI from $83.00 to $65.00 in a research note on Thursday, May 12th. Finally, Roth Capital reduced their target price on YETI from $80.00 to $48.00 in a research note on Thursday, May 12th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, YETI currently has an average rating of “Moderate Buy” and a consensus price target of $85.06.

YETI Company Profile (Get Rating)

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

Further Reading

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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