Wilkinson Global Asset Management LLC Trims Holdings in YETI Holdings, Inc. (NYSE:YETI)

Wilkinson Global Asset Management LLC reduced its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 429,916 shares of the company's stock after selling 10,410 shares during the period. YETI accounts for about 1.0% of Wilkinson Global Asset Management LLC's holdings, making the stock its 28th biggest position. Wilkinson Global Asset Management LLC owned 0.51% of YETI worth $16,556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of YETI by 16.7% during the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company's stock worth $17,922,000 after acquiring an additional 62,619 shares during the last quarter. Algert Global LLC grew its position in shares of YETI by 443.0% during the third quarter. Algert Global LLC now owns 47,550 shares of the company's stock worth $1,951,000 after acquiring an additional 38,793 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of YETI by 26,657.7% during the third quarter. International Assets Investment Management LLC now owns 43,615 shares of the company's stock worth $1,790,000 after acquiring an additional 43,452 shares during the last quarter. Qsemble Capital Management LP grew its position in shares of YETI by 320.3% during the third quarter. Qsemble Capital Management LP now owns 26,576 shares of the company's stock worth $1,090,000 after acquiring an additional 20,253 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of YETI during the third quarter worth approximately $1,415,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on YETI shares. KeyCorp lowered their target price on shares of YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. TD Cowen dropped their price objective on shares of YETI from $46.00 to $44.00 and set a "hold" rating on the stock in a research note on Monday, November 11th. UBS Group dropped their price objective on shares of YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus dropped their price objective on shares of YETI from $45.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Finally, 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 note 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.com, YETI presently has a consensus rating of "Hold" and a consensus target price of $44.77.

YETI Price Performance

Shares of YETI stock traded down $0.09 on Friday, hitting $36.83. The company's stock had a trading volume of 1,586,870 shares, compared to its average volume of 1,686,293. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $45.25. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $38.11 and a 200-day moving average price of $39.13. The company has a market capitalization of $3.12 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.05 and a beta of 2.13.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 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 business had revenue of $555.37 million during the quarter, compared to analysts' expectations of $554.08 million. On average, equities research analysts expect that YETI Holdings, Inc. will post 2.59 earnings per share for the current fiscal year.

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.