Moody National Bank Trust Division Trims Stake in YETI Holdings, Inc. (NYSE:YETI)

Moody National Bank Trust Division lowered its stake in shares of YETI Holdings, Inc. (NYSE:YETIGet Rating) by 48.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,467 shares of the company’s stock after selling 8,975 shares during the quarter. Moody National Bank Trust Division’s holdings in YETI were worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CWM LLC boosted its stake in YETI by 69.6% during the first quarter. CWM LLC now owns 531 shares of the company’s stock worth $32,000 after acquiring an additional 218 shares in the last quarter. Signaturefd LLC boosted its stake in YETI by 61.4% during the first quarter. Signaturefd LLC now owns 581 shares of the company’s stock worth $35,000 after acquiring an additional 221 shares in the last quarter. Lindenwold Advisors boosted its stake in YETI by 6.1% during the first quarter. Lindenwold Advisors now owns 3,816 shares of the company’s stock worth $229,000 after acquiring an additional 221 shares in the last quarter. Fifth Third Bancorp boosted its stake in YETI by 79.3% during the first quarter. Fifth Third Bancorp now owns 579 shares of the company’s stock worth $35,000 after acquiring an additional 256 shares in the last quarter. Finally, CIBC World Markets Inc. boosted its stake in YETI by 3.6% during the fourth quarter. CIBC World Markets Inc. now owns 8,141 shares of the company’s stock worth $674,000 after acquiring an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 99.64% of the company’s stock.

Wall Street Analysts Forecast Growth

YETI has been the topic of several research reports. Credit Suisse Group dropped their price objective on shares of YETI from $80.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, August 1st. Citigroup dropped their price objective on shares of YETI from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, August 5th. The Goldman Sachs Group dropped their price objective on shares of YETI from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 21st. Raymond James dropped their target price on shares of YETI from $73.00 to $54.00 in a research note on Friday, August 5th. Finally, Stifel Nicolaus dropped their target price on shares of YETI from $48.00 to $43.00 in a research note on Friday, August 5th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, YETI presently has an average rating of “Moderate Buy” and a consensus target price of $63.25.

YETI Stock Down 2.6 %

Shares of YETI stock opened at $34.58 on Monday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.00 and a beta of 2.49. The company’s 50 day moving average is $43.12 and its 200 day moving average is $48.16. YETI Holdings, Inc. has a twelve month low of $33.87 and a twelve month high of $108.82. The company has a quick ratio of 0.58, a current ratio of 1.83 and a debt-to-equity ratio of 0.17.

YETI (NYSE:YETIGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05). The company had revenue of $420.04 million for the quarter, compared to the consensus estimate of $422.92 million. YETI had a net margin of 13.02% and a return on equity of 43.04%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS. Research analysts anticipate that YETI Holdings, Inc. will post 2.22 EPS for the current year.

About YETI

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YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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