Nebula Research & Development LLC Sells 29,764 Shares of YETI Holdings, Inc. (NYSE:YETI)

Nebula Research & Development LLC lessened its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 43.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,141 shares of the company's stock after selling 29,764 shares during the quarter. Nebula Research & Development LLC's holdings in YETI were worth $1,469,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in YETI. JPMorgan Chase & Co. raised its position in shares of YETI by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company's stock valued at $17,922,000 after buying an additional 62,619 shares in the last quarter. Truist Financial Corp raised its position in shares of YETI by 304.2% during the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company's stock valued at $1,098,000 after buying an additional 21,450 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in shares of YETI during the 4th quarter valued at $10,767,000. KLP Kapitalforvaltning AS purchased a new stake in shares of YETI during the 4th quarter valued at $693,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of YETI by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company's stock valued at $29,790,000 after buying an additional 39,709 shares in the last quarter.

YETI Stock Down 0.9 %

Shares of YETI traded down $0.26 on Monday, reaching $28.61. The stock had a trading volume of 2,132,521 shares, compared to its average volume of 1,684,623. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The company has a 50-day simple moving average of $32.26 and a 200-day simple moving average of $36.48. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25.

YETI (NYSE:YETI - Get Free Report) last released its 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). The firm had revenue of $555.37 million during 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%. Sell-side analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on YETI shares. UBS Group decreased their target price on shares of YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley decreased their target price on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. The Goldman Sachs Group decreased their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Canaccord Genuity Group decreased their target price on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Finally, Robert W. Baird decreased their target price on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, YETI has a consensus rating of "Hold" and a consensus target price of $42.20.

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.