Federated Hermes Inc. Sells 89,311 Shares of YETI Holdings, Inc. (NYSE:YETI)

Federated Hermes Inc. decreased its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 720,734 shares of the company's stock after selling 89,311 shares during the period. Federated Hermes Inc. owned about 0.85% of YETI worth $27,755,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of YETI. Norges Bank purchased a new stake in shares of YETI during the fourth quarter valued at $36,778,000. Wellington Management Group LLP grew its stake in shares of YETI by 15.9% in the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock worth $137,114,000 after acquiring an additional 489,063 shares during the period. Clearbridge Investments LLC purchased a new position in shares of YETI during the fourth quarter valued at approximately $10,767,000. Loomis Sayles & Co. L P bought a new position in YETI during the fourth quarter valued at approximately $9,060,000. Finally, Swedbank AB purchased a new stake in YETI in the fourth quarter worth approximately $7,702,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on YETI. KeyCorp reduced 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. Robert W. Baird cut their price target on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday. Canaccord Genuity Group lowered their price target on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. 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. Finally, UBS Group reduced their price objective on shares of YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $44.00.

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YETI Price Performance

Shares of NYSE YETI traded down $0.05 during mid-day trading on Monday, hitting $29.07. 217,247 shares of the company's stock traded hands, compared to its average volume of 1,670,079. 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 1 year low of $26.66 and a 1 year high of $45.25. The company's 50-day moving average is $34.30 and its two-hundred day moving average is $37.48. The company has a market capitalization of $2.41 billion, a P/E ratio of 14.11, a PEG ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The company had revenue of $555.37 million for the quarter, compared to analysts' expectations of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. On average, equities analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS 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.