YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,900 shares of the company's stock after selling 16,870 shares during the quarter. Alliancebernstein L.P. owned about 0.14% of YETI worth $4,425,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in YETI in the 4th quarter valued at about $36,778,000. Wellington Management Group LLP raised its holdings in shares of YETI by 15.9% during the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock valued at $137,114,000 after acquiring an additional 489,063 shares during the last quarter. Clearbridge Investments LLC purchased a new position in shares of YETI in the fourth quarter valued at approximately $10,767,000. Loomis Sayles & Co. L P acquired a new stake in shares of YETI in the fourth quarter worth approximately $9,060,000. Finally, Swedbank AB purchased a new stake in shares of YETI during the fourth quarter worth approximately $7,702,000.

YETI Stock Down 2.0 %

Shares of YETI stock traded down $0.58 during trading on Tuesday, hitting $28.25. 1,553,581 shares of the stock were exchanged, compared to its average volume of 1,674,923. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. The firm's 50-day moving average price is $33.95 and its 200 day moving average price is $37.33. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. YETI Holdings, Inc. has a 12-month low of $26.66 and a 12-month high of $45.25.

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YETI (NYSE:YETI - Get Free Report) 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). The business had revenue of $555.37 million for the quarter, compared to analyst estimates 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.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley cut their price objective on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. UBS Group reduced their price objective on YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Robert W. Baird dropped their target price on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday. Stifel Nicolaus reduced their price target on YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, Canaccord Genuity Group cut their price target on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $44.00.

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.