Vontobel Holding Ltd. Lowers Holdings in YETI Holdings, Inc. (NYSE:YETI)

Vontobel Holding Ltd. trimmed its holdings in YETI Holdings, Inc. (NYSE:YETI) by 77.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,191 shares of the company’s stock after selling 54,332 shares during the period. Vontobel Holding Ltd.’s holdings in YETI were worth $838,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Sumitomo Life Insurance Co. boosted its holdings in YETI by 5.6% in the fourth quarter. Sumitomo Life Insurance Co. now owns 35,628 shares of the company’s stock valued at $1,845,000 after purchasing an additional 1,885 shares during the last quarter. Lecap Asset Management Ltd. purchased a new stake in YETI in the fourth quarter valued at $585,000. Louisiana State Employees Retirement System purchased a new stake in YETI in the fourth quarter valued at $1,263,000. WCM Investment Management LLC boosted its holdings in YETI by 13.0% in the fourth quarter. WCM Investment Management LLC now owns 119,000 shares of the company’s stock valued at $6,243,000 after purchasing an additional 13,701 shares during the last quarter. Finally, Simplicity Solutions LLC acquired a new position in shares of YETI in the fourth quarter worth about $238,000.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Canaccord Genuity Group downgraded shares of YETI from a “buy” rating to a “hold” rating and upped their price objective for the stock from $49.00 to $50.00 in a research report on Thursday, January 4th. Stifel Nicolaus decreased their price objective on shares of YETI from $43.00 to $41.00 and set a “hold” rating for the company in a research report on Friday, February 16th. B. Riley reiterated a “neutral” rating and issued a $42.00 price objective on shares of YETI in a research report on Friday, February 16th. Canaccord Genuity Group decreased their price objective on shares of YETI from $41.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Finally, Raymond James decreased their price objective on shares of YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.29.

YETI Stock Up 0.8 %

YETI opened at $37.29 on Monday. The company has a market cap of $3.18 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.46 and a beta of 2.29. The company has a quick ratio of 1.45, a current ratio of 2.30 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a twelve month low of $34.70 and a twelve month high of $54.15. The company has a 50-day moving average price of $39.03 and a 200 day moving average price of $42.79.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The business had revenue of $519.79 million during the quarter, compared to analyst estimates of $535.99 million. YETI had a net margin of 10.24% and a return on equity of 27.99%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. Sell-side analysts expect that YETI Holdings, Inc. will post 2.27 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.