American Century Companies Inc. Trims Stake in YETI Holdings, Inc. (NYSE:YETI)

American Century Companies Inc. trimmed its position in YETI Holdings, Inc. (NYSE:YETI) by 25.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,444,123 shares of the company’s stock after selling 490,007 shares during the quarter. American Century Companies Inc.’s holdings in YETI were worth $55,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its holdings in YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after buying an additional 467 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in YETI during the 3rd quarter valued at $38,000. Blue Trust Inc. increased its holdings 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 period. Jones Financial Companies Lllp raised its position in shares of YETI by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after acquiring an additional 280 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 1,479 shares during the last quarter.

YETI Stock Down 0.5 %

YETI stock opened at $33.68 on Thursday. The business’s 50-day simple moving average is $36.17 and its two-hundred day simple moving average is $38.25. 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 company has a market cap of $2.78 billion, a PE ratio of 16.35, a PEG ratio of 1.05 and a beta of 2.15. YETI Holdings, Inc. has a fifty-two week low of $31.48 and a fifty-two week high of $45.25.

YETI (NYSE:YETI) last issued its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $554.08 million. Equities analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analysts Set New Price Targets

YETI has been the topic of several analyst reports. KeyCorp cut their target price on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus reduced their price objective on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company 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 for the company in a research note 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. Finally, UBS Group decreased their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat, YETI presently has an average rating of “Hold” and a consensus target price 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.