Polen Capital Management LLC Has $3.78 Million Position in YETI Holdings, Inc. (NYSE:YETI)

Polen Capital Management LLC lowered its stake 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 filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB acquired a new position in YETI during the fourth quarter worth $7,702,000. Retirement Systems of Alabama increased its stake in shares of YETI by 190.3% during the 4th quarter. Retirement Systems of Alabama now owns 298,526 shares of the company's stock worth $11,496,000 after purchasing an additional 195,693 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of YETI by 1,426.4% in the 4th quarter. First Eagle Investment Management LLC now owns 190,800 shares of the company's stock valued at $7,348,000 after purchasing an additional 178,300 shares during the period. Verition Fund Management LLC lifted its stake in YETI by 855.1% in the 3rd quarter. Verition Fund Management LLC now owns 183,630 shares of the company's stock valued at $7,534,000 after purchasing an additional 164,404 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in YETI during the fourth quarter worth about $6,240,000.

YETI Price Performance

YETI stock traded up $1.88 during trading hours on Monday, reaching $34.05. 3,096,489 shares of the stock were exchanged, compared to its average volume of 1,561,224. The stock has a 50 day moving average of $36.64 and a two-hundred day moving average of $38.47. The company has a market cap of $2.80 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a twelve month low of $31.48 and a twelve month high of $45.25.

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YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The firm had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. Equities analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on YETI. KeyCorp dropped their price objective on YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley dropped their price target on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus reduced their price objective on shares of YETI from $45.00 to $40.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Canaccord Genuity Group dropped their price objective 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, UBS Group cut their target price 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. 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 company. According to data from MarketBeat.com, YETI currently has a consensus rating of "Hold" and an average price target of $44.77.

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.