YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,712,460 shares of the company's stock after selling 835,158 shares during the period. Baillie Gifford & Co. owned approximately 9.09% of YETI worth $297,007,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC lifted its position in YETI by 0.5% during the third 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 during the period. Congress Asset Management Co. lifted its position in YETI by 5.6% during the fourth quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company's stock valued at $43,557,000 after purchasing an additional 60,407 shares during the period. Lord Abbett & CO. LLC lifted its position in YETI by 7.0% during the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company's stock valued at $33,242,000 after purchasing an additional 53,023 shares during the period. Point72 Asset Management L.P. lifted its position in YETI by 25.8% during the third quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company's stock valued at $31,353,000 after purchasing an additional 156,926 shares during the period. Finally, Royce & Associates LP lifted its position in YETI by 17.3% during the third quarter. Royce & Associates LP now owns 585,971 shares of the company's stock valued at $24,042,000 after purchasing an additional 86,405 shares during the period.

YETI Price Performance

NYSE YETI traded down $1.61 during trading hours on Wednesday, hitting $36.82. 928,643 shares of the company's stock traded hands, compared to its average volume of 1,669,946. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $45.25. The company has a market capitalization of $3.12 billion, a PE ratio of 17.85, a PEG ratio of 1.08 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The firm's 50-day moving average is $38.56 and its 200-day moving average is $39.17.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $555.37 million for 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%. Equities analysts forecast that YETI Holdings, Inc. will post 2.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on YETI shares. Stifel Nicolaus decreased their target price 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. Bank of America downgraded shares of YETI from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. Morgan Stanley decreased their price objective on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. UBS Group decreased their price objective on shares of YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, KeyCorp decreased their price objective on shares of YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $44.77.

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.