Trillium Asset Management LLC Sells 3,887 Shares of YETI Holdings, Inc. (NYSE:YETI)

Trillium Asset Management LLC trimmed its holdings in YETI Holdings, Inc. (NYSE:YETI) by 3.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 100,598 shares of the company’s stock after selling 3,887 shares during the quarter. Trillium Asset Management LLC’s holdings in YETI were worth $3,874,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Allworth Financial LP raised its position in YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after purchasing an additional 467 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of YETI in the third quarter worth about $38,000. Blue Trust Inc. lifted its stake in shares of YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after acquiring an additional 333 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in YETI by 22.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock valued at $59,000 after acquiring an additional 280 shares during the period. Finally, Versant Capital Management Inc grew its position in YETI by 364.3% during the 4th quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock worth $73,000 after acquiring an additional 1,479 shares during the last quarter.

Analyst Upgrades and Downgrades

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

YETI Stock Up 0.1 %

YETI stock opened at $34.22 on Thursday. YETI Holdings, Inc. has a fifty-two week low of $31.48 and a fifty-two week high of $45.25. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The business’s 50 day moving average price is $36.50 and its two-hundred day moving average price is $38.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18.

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

About YETI

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.