B. Metzler seel. Sohn & Co. AG Decreases Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

B. Metzler seel. Sohn & Co. AG cut its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,954 shares of the company's stock after selling 9,485 shares during the period. B. Metzler seel. Sohn & Co. AG owned approximately 0.07% of YETI worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of YETI by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company's stock worth $17,922,000 after acquiring an additional 62,619 shares during the last quarter. Truist Financial Corp grew its holdings in shares of YETI by 304.2% in the fourth quarter. Truist Financial Corp now owns 28,501 shares of the company's stock valued at $1,098,000 after purchasing an additional 21,450 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in YETI during the fourth quarter worth about $693,000. Charles Schwab Investment Management Inc. raised its stake in YETI by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company's stock worth $29,790,000 after purchasing an additional 39,709 shares during the period. Finally, Chase Investment Counsel Corp acquired a new position in YETI in the 4th quarter valued at about $1,463,000.

YETI Stock Up 1.0 %

Shares of NYSE YETI traded up $0.31 during midday trading on Friday, hitting $30.12. The company's stock had a trading volume of 3,146,507 shares, compared to its average volume of 1,637,452. 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 $2.49 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. The business's fifty day simple moving average is $35.49 and its two-hundred day simple moving average is $37.99. YETI Holdings, Inc. has a 1 year low of $28.09 and a 1 year high of $45.25.

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YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $555.37 million during 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%. On average, equities analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on YETI. Morgan Stanley cut their price target 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. Canaccord Genuity Group cut their target price on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Stifel Nicolaus decreased their price target on YETI from $45.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. UBS Group lowered their price target on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, KeyCorp cut their price objective on YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, YETI currently has an average rating of "Hold" and a consensus target price 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.