Mutual of America Capital Management LLC Sells 2,716 Shares of YETI Holdings, Inc. (NYSE:YETI)

Mutual of America Capital Management LLC decreased its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 4.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 53,669 shares of the company’s stock after selling 2,716 shares during the period. Mutual of America Capital Management LLC’s holdings in YETI were worth $2,779,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in YETI during the third quarter valued at $44,000. Global Wealth Management Investment Advisory Inc. boosted its stake in YETI by 67.0% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock valued at $45,000 after buying an additional 300 shares during the period. First Manhattan Co. purchased a new stake in YETI during the fourth quarter valued at about $50,000. State of Wyoming raised its position in YETI by 37.2% during the fourth quarter. State of Wyoming now owns 1,255 shares of the company’s stock valued at $52,000 after purchasing an additional 340 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in YETI during the second quarter valued at about $65,000.

YETI Stock Performance

YETI stock opened at $36.99 on Friday. The stock’s 50 day simple moving average is $39.20 and its two-hundred day simple moving average is $42.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.48 and a beta of 2.29. YETI Holdings, Inc. has a fifty-two week low of $34.70 and a fifty-two week high of $54.15.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.06). The firm had revenue of $519.79 million for the quarter, compared to the consensus estimate of $535.99 million. YETI had a net margin of 10.24% and a return on equity of 27.99%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, analysts expect that YETI Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

YETI has been the topic of a number of research reports. Canaccord Genuity Group downgraded YETI from a “buy” rating to a “hold” rating and raised their price target for the company from $49.00 to $50.00 in a research report on Thursday, January 4th. Stifel Nicolaus decreased their price objective on YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, February 16th. KeyCorp lifted their price objective on YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a report on Friday, January 12th. Canaccord Genuity Group decreased their price objective on YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Finally, B. Riley restated a “neutral” rating and set a $42.00 price target on shares of YETI in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.29.

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.