Parthenon LLC Has $11.37 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Parthenon LLC cut its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,615 shares of the company’s stock after selling 500 shares during the period. YETI makes up approximately 1.6% of Parthenon LLC’s investment portfolio, making the stock its 22nd largest holding. Parthenon LLC’s holdings in YETI were worth $11,372,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. State of New Jersey Common Pension Fund D increased its holdings in YETI by 13.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 58,266 shares of the company’s stock worth $3,017,000 after purchasing an additional 6,838 shares in the last quarter. Wedge Capital Management L L P NC raised its position in YETI by 1.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 79,018 shares of the company’s stock worth $4,092,000 after acquiring an additional 1,210 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in YETI by 16.2% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 94,535 shares of the company’s stock worth $4,895,000 after purchasing an additional 13,167 shares during the period. Signaturefd LLC increased its holdings in shares of YETI by 27.0% during the 4th quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock worth $90,000 after acquiring an additional 368 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC raised its stake in YETI by 149.5% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 146,307 shares of the company’s stock valued at $7,576,000 after acquiring an additional 87,663 shares during the period.

YETI Price Performance

YETI stock traded down $1.30 during midday trading on Tuesday, reaching $35.70. The company’s stock had a trading volume of 1,903,778 shares, compared to its average volume of 1,615,211. The stock has a market cap of $3.04 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.42 and a beta of 2.29. The company has a current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a 52 week low of $34.70 and a 52 week high of $54.15. The business has a 50-day moving average price of $38.08 and a 200-day moving average price of $42.60.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) 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 business had revenue of $519.79 million for the quarter, compared to the consensus estimate of $535.99 million. During the same period in the previous year, the business posted $0.75 EPS. YETI’s revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that YETI Holdings, Inc. will post 2.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. KeyCorp lifted their target price on shares of YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a report on Friday, January 12th. Canaccord Genuity Group lowered YETI from a “buy” rating to a “hold” rating and increased their target price for the stock from $49.00 to $50.00 in a research note on Thursday, January 4th. Stifel Nicolaus reduced their price target on YETI from $43.00 to $41.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Raymond James lowered their price objective on YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. Finally, B. Riley reduced their target price on shares of YETI from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, YETI has a consensus rating of “Hold” and a consensus price target of $48.00.

YETI Company 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.