Mitsubishi UFJ Trust & Banking Corp Reduces Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 370,795 shares of the company's stock after selling 35,410 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.44% of YETI worth $14,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in YETI. Allworth Financial LP increased its position in YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $25,000 after purchasing an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in YETI in the 3rd quarter worth about $38,000. Blue Trust Inc. boosted its stake in shares of YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock valued at $49,000 after purchasing an additional 333 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of YETI by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after purchasing an additional 280 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of YETI by 364.3% in the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company's stock valued at $73,000 after buying an additional 1,479 shares during the period.

YETI Stock Up 1.9 %

YETI traded up $0.64 during trading on Wednesday, hitting $34.33. 438,915 shares of the company's stock were exchanged, compared to its average volume of 1,687,680. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The business's 50 day moving average is $35.86 and its two-hundred day moving average is $38.15. The stock has a market cap of $2.84 billion, a P/E ratio of 16.66, 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 quarterly 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 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. As a group, equities analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on YETI. Canaccord Genuity Group reduced their price target on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. KeyCorp lowered their price target on shares of YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. UBS Group decreased their price objective on shares of YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Morgan Stanley dropped their target price on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Finally, Stifel Nicolaus decreased their price target on YETI from $45.00 to $40.00 and set a "hold" rating for the company in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $44.77.

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.