Mystic Asset Management Inc. Sells 425 Shares of YETI Holdings, Inc. (NYSE:YETI)

Mystic Asset Management Inc. trimmed its holdings in YETI Holdings, Inc. (NYSE:YETI) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,903 shares of the company’s stock after selling 425 shares during the period. Mystic Asset Management Inc.’s holdings in YETI were worth $728,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in YETI. Swedbank AB bought a new stake in YETI in the fourth quarter worth approximately $7,702,000. Retirement Systems of Alabama grew its position in YETI by 190.3% in the fourth quarter. Retirement Systems of Alabama now owns 298,526 shares of the company’s stock worth $11,496,000 after acquiring an additional 195,693 shares in the last quarter. First Eagle Investment Management LLC grew its position in YETI by 1,426.4% in the fourth quarter. First Eagle Investment Management LLC now owns 190,800 shares of the company’s stock worth $7,348,000 after acquiring an additional 178,300 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of YETI by 855.1% during the 3rd quarter. Verition Fund Management LLC now owns 183,630 shares of the company’s stock worth $7,534,000 after buying an additional 164,404 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in YETI in the 4th quarter valued at $6,240,000.

Wall Street Analyst Weigh In

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

YETI Price Performance

Shares of YETI stock opened at $34.05 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The firm’s 50-day simple moving average is $36.64 and its 200-day simple moving average is $38.47. YETI Holdings, Inc. has a twelve month low of $31.48 and a twelve month high of $45.25. The firm has a market cap of $2.80 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI) last announced its quarterly earnings results 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 net margin of 9.60% and a return on equity of 28.23%. The firm had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. As a group, research analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.