Polen Capital Management LLC Has $3.78 Million Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Polen Capital Management LLC lessened its holdings in YETI Holdings, Inc. (NYSE:YETI) by 13.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 98,057 shares of the company’s stock after selling 15,179 shares during the quarter. Polen Capital Management LLC’s holdings in YETI were worth $3,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after purchasing an additional 7,382 shares in the last quarter. Congress Asset Management Co. grew its position in shares of YETI by 5.6% during the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company’s stock valued at $43,557,000 after purchasing an additional 60,407 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of YETI by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company’s stock valued at $31,994,000 after purchasing an additional 5,987 shares in the last quarter. Lord Abbett & CO. LLC grew its position in shares of YETI by 7.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock valued at $33,242,000 after purchasing an additional 53,023 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of YETI by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock valued at $29,790,000 after purchasing an additional 39,709 shares in the last quarter.

YETI Stock Performance

YETI stock opened at $32.21 on Monday. 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 firm has a 50-day moving average of $36.72 and a 200-day moving average of $38.52. The firm has a market cap of $2.65 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.05 and a beta of 2.15. YETI Holdings, Inc. has a 1-year low of $31.48 and a 1-year high of $45.25.

YETI (NYSE:YETI) last posted its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The firm had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. Sell-side analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on YETI. Stifel Nicolaus reduced their price target on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, February 14th. UBS Group cut their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Canaccord Genuity Group cut their target price on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Morgan Stanley cut their target price on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, KeyCorp cut their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, YETI currently has an average rating of “Hold” and a consensus price target of $44.77.

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.