Lord Abbett & CO. LLC Reduces Holdings in YETI Holdings, Inc. (NYSE:YETI)

Lord Abbett & CO. LLC lessened its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 803,649 shares of the company’s stock after selling 6,533 shares during the quarter. Lord Abbett & CO. LLC’s holdings in YETI were worth $30,949,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in YETI in the third quarter valued at $38,000. Cim Investment Management Inc. purchased a new stake in YETI in the 3rd quarter valued at about $203,000. Franklin Resources Inc. acquired a new position in YETI in the third quarter valued at about $626,000. JPMorgan Chase & Co. boosted its stake in YETI by 16.7% during the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after buying an additional 62,619 shares during the period. Finally, Versant Capital Management Inc boosted its stake in YETI by 364.3% during the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock worth $73,000 after buying an additional 1,479 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on YETI shares. UBS Group decreased their price objective on shares of YETI from $43.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Morgan Stanley decreased their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. The Goldman Sachs Group dropped their price objective on YETI from $41.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Canaccord Genuity Group decreased their target price on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, Stifel Nicolaus dropped their target price on YETI from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.20.

YETI Price Performance

YETI stock opened at $28.84 on Friday. The stock has a market cap of $2.39 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. The company has a fifty day simple moving average of $32.43 and a 200-day simple moving average of $36.61. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. Equities analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.