Polen Capital Management LLC Sells 15,179 Shares of YETI Holdings, Inc. (NYSE:YETI)

Polen Capital Management LLC lessened its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 13.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,057 shares of the company's stock after selling 15,179 shares during the quarter. Polen Capital Management LLC owned 0.12% of YETI worth $3,776,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of YETI. Geode Capital Management LLC boosted its stake in shares of YETI by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock valued at $58,573,000 after purchasing an additional 7,382 shares in the last quarter. Congress Asset Management Co. boosted its position in YETI by 5.6% in the fourth quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company's stock valued at $43,557,000 after buying an additional 60,407 shares in the last quarter. Bank of New York Mellon Corp grew its stake in YETI by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company's stock worth $31,994,000 after buying an additional 5,987 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of YETI by 7.0% during the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company's stock worth $33,242,000 after buying an additional 53,023 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of YETI by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company's stock valued at $29,790,000 after acquiring an additional 39,709 shares during the last quarter.

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Analyst Upgrades and Downgrades

A number of research firms recently weighed in on YETI. UBS Group dropped their price target on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Stifel Nicolaus lowered their target price on YETI from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Morgan Stanley decreased their price objective 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. Canaccord Genuity Group dropped their target price 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 decreased their price target on shares of YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. One 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $44.77.

YETI Trading Up 0.3 %

NYSE:YETI traded up $0.09 during mid-day trading on Tuesday, hitting $34.09. The company had a trading volume of 1,797,799 shares, compared to its average volume of 1,575,222. The firm has a market cap of $2.81 billion, a P/E ratio of 16.58, a P/E/G 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. The business's fifty day moving average is $36.64 and its two-hundred day moving average is $38.47. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18.

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

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.