Marshall Wace LLP Has $1.85 Million Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Marshall Wace LLP cut its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 84.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,988 shares of the company's stock after selling 253,240 shares during the period. Marshall Wace LLP owned about 0.06% of YETI worth $1,848,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in YETI. Wasatch Advisors LP lifted its stake in shares of YETI by 0.9% in the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock worth $212,924,000 after acquiring an additional 51,443 shares during the period. Wellington Management Group LLP grew its holdings in 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 purchasing an additional 489,063 shares during the period. Congress Asset Management Co. increased its holdings in shares of 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 acquiring an additional 60,407 shares in the last quarter. Norges Bank bought a new stake in YETI during the 4th quarter valued at $36,778,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of YETI by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company's stock worth $31,994,000 after acquiring an additional 5,987 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently commented on YETI shares. Stifel Nicolaus lowered their price objective on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Morgan Stanley lowered their price target on YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Robert W. Baird cut their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. 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 report on Friday, February 14th. Finally, KeyCorp upgraded shares of YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $42.20.

YETI Stock Down 0.7 %

Shares of NYSE YETI opened at $28.84 on Monday. The business's fifty day moving average price is $32.43 and its 200-day moving average price is $36.57. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The stock has a market capitalization of $2.39 billion, a PE ratio of 14.00, a P/E/G ratio of 1.05 and a beta of 2.04. 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 (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. On average, equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

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.

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