Mitsubishi UFJ Trust & Banking Corp Has $14.28 Million Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,795 shares of the company's stock after selling 35,410 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.44% of YETI worth $14,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in YETI. Allworth Financial LP lifted its position in shares of YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after acquiring an additional 467 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of YETI during the 3rd quarter valued at approximately $38,000. Blue Trust Inc. grew its stake in 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 acquiring an additional 333 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of YETI by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock valued at $59,000 after acquiring an additional 280 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in 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 acquiring an additional 1,479 shares during the last quarter.

Wall Street Analyst Weigh In

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

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YETI Stock Performance

NYSE YETI traded up $0.29 on Tuesday, hitting $33.39. The stock had a trading volume of 767,104 shares, compared to its average volume of 1,695,654. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a one year low of $31.48 and a one year high of $45.25. The company's 50-day moving average is $35.94 and its two-hundred day moving average is $38.18. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI - Get Free Report) last issued its earnings results 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 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, analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current 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.