American Century Companies Inc. Lowers Position in YETI Holdings, Inc. (NYSE:YETI)

American Century Companies Inc. trimmed its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 25.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,444,123 shares of the company's stock after selling 490,007 shares during the period. American Century Companies Inc. owned about 1.70% of YETI worth $55,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YETI. Geode Capital Management LLC grew its holdings in shares of YETI by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock worth $58,573,000 after purchasing an additional 7,382 shares during the last quarter. Congress Asset Management Co. increased its holdings in YETI by 5.6% during the fourth quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company's stock valued at $43,557,000 after buying an additional 60,407 shares during the period. Bank of New York Mellon Corp raised its stake in YETI by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company's stock worth $31,994,000 after buying an additional 5,987 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in YETI by 7.0% during the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company's stock worth $33,242,000 after buying an additional 53,023 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in 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 acquiring an additional 39,709 shares in the last quarter.

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YETI Stock Performance

YETI traded down $0.85 on Friday, reaching $33.10. 1,263,841 shares of the stock were exchanged, compared to its average volume of 1,620,179. The company's 50-day moving average price is $36.02 and its 200 day moving average price is $38.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The firm has a market capitalization of $2.74 billion, a PE ratio of 16.07, 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 - Get Free Report) 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. As a group, sell-side analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

YETI has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on YETI from $45.00 to $40.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Morgan Stanley decreased their price target 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. Canaccord Genuity Group cut their price objective on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. KeyCorp decreased 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. Finally, UBS Group cut their price target on shares of YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, YETI has a consensus rating of "Hold" and an average price target of $44.77.

YETI Company 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.