Wells Fargo & Company MN Trims Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Wells Fargo & Company MN trimmed its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,578 shares of the company’s stock after selling 533 shares during the quarter. Wells Fargo & Company MN owned approximately 0.12% of YETI worth $3,873,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Stifel Financial Corp raised its holdings in YETI by 42.5% in the 3rd quarter. Stifel Financial Corp now owns 19,219 shares of the company’s stock worth $789,000 after purchasing an additional 5,731 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of YETI during the 3rd quarter valued at about $38,000. Cim Investment Management Inc. bought a new position in shares of YETI during the 3rd quarter valued at approximately $203,000. Franklin Resources Inc. bought a new stake in YETI during the 3rd quarter worth approximately $626,000. Finally, Lord Abbett & CO. LLC lifted its holdings 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 in the last quarter.

YETI Stock Performance

NYSE YETI opened at $27.57 on Tuesday. The company has a market cap of $2.28 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.05 and a beta of 2.04. The business’s 50 day moving average price is $33.19 and its 200-day moving average price is $36.94. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18.

YETI (NYSE:YETI) last released its earnings results 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). YETI had a return on equity of 28.23% and a net margin of 9.60%. The firm had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. Sell-side analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on YETI shares. UBS Group decreased their price objective on shares of YETI from $43.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Stifel Nicolaus lowered their price objective on YETI from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Canaccord Genuity Group cut their target price on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. KeyCorp upgraded YETI from an “underweight” rating to a “sector weight” rating in a research note on Thursday, April 17th. Finally, Morgan Stanley dropped their target price 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. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, YETI presently has an average rating of “Hold” and an average price target of $43.14.

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.