YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Polen Capital Management LLC

Polen Capital Management LLC cut its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 98,057 shares of the company's stock after selling 15,179 shares during the period. Polen Capital Management LLC owned 0.12% of YETI worth $3,776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB acquired a new stake in YETI in the fourth quarter valued at approximately $7,702,000. Retirement Systems of Alabama boosted its stake in YETI by 190.3% in the fourth quarter. Retirement Systems of Alabama now owns 298,526 shares of the company's stock valued at $11,496,000 after acquiring an additional 195,693 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in YETI by 1,426.4% in the fourth quarter. First Eagle Investment Management LLC now owns 190,800 shares of the company's stock valued at $7,348,000 after acquiring an additional 178,300 shares in the last quarter. Verition Fund Management LLC boosted its stake in YETI by 855.1% in the third quarter. Verition Fund Management LLC now owns 183,630 shares of the company's stock valued at $7,534,000 after acquiring an additional 164,404 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in YETI in the fourth quarter valued at approximately $6,240,000.

Analyst Ratings Changes

YETI has been the subject of several research reports. Canaccord Genuity Group lowered their price objective 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. UBS Group lowered their price objective on shares of YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Morgan Stanley reduced their target price 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. KeyCorp reduced their target price 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. Finally, Stifel Nicolaus cut their price objective on shares of YETI from $45.00 to $40.00 and set a "hold" rating for the company in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $44.77.

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YETI Price Performance

Shares of NYSE YETI traded up $0.43 during trading on Thursday, hitting $34.69. The company had a trading volume of 1,942,508 shares, compared to its average volume of 1,580,886. The stock has a fifty day simple moving average of $36.50 and a two-hundred day simple moving average of $38.40. YETI Holdings, Inc. has a fifty-two week low of $31.48 and a fifty-two week high of $45.25. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. 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 (NYSE:YETI - Get Free Report) last posted its quarterly 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). The business had revenue of $555.37 million for 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, research 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.