Parthenon LLC Reduces Holdings in YETI Holdings, Inc. (NYSE:YETI)

Parthenon LLC trimmed its holdings in YETI Holdings, Inc. (NYSE:YETI) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 219,615 shares of the company’s stock after selling 500 shares during the period. YETI accounts for about 1.6% of Parthenon LLC’s holdings, making the stock its 22nd biggest holding. Parthenon LLC owned 0.25% of YETI worth $11,372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ieq Capital LLC grew its stake in shares of YETI by 2.2% in the 3rd quarter. Ieq Capital LLC now owns 11,091 shares of the company’s stock valued at $535,000 after buying an additional 236 shares during the period. SG Americas Securities LLC grew its position in YETI by 5.8% in the 4th quarter. SG Americas Securities LLC now owns 5,890 shares of the company’s stock valued at $305,000 after acquiring an additional 324 shares in the last quarter. Arizona State Retirement System lifted its position in shares of YETI by 1.4% during the third quarter. Arizona State Retirement System now owns 24,671 shares of the company’s stock worth $1,190,000 after purchasing an additional 337 shares in the last quarter. Signaturefd LLC boosted its stake in shares of YETI by 27.0% in the fourth quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock valued at $90,000 after purchasing an additional 368 shares during the period. Finally, Columbia Asset Management grew its holdings in shares of YETI by 2.9% in the third quarter. Columbia Asset Management now owns 13,655 shares of the company’s stock valued at $658,000 after purchasing an additional 390 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have commented on YETI. B. Riley lowered their price target on shares of YETI from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Canaccord Genuity Group cut their price target on YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Canaccord Genuity Group downgraded YETI from a “buy” rating to a “hold” rating and increased their price objective for the company from $49.00 to $50.00 in a report on Thursday, January 4th. Raymond James decreased their target price on YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. Finally, KeyCorp raised their price objective on shares of YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.00.

YETI Price Performance

Shares of YETI stock traded down $1.30 during midday trading on Tuesday, reaching $35.70. 1,903,778 shares of the company traded hands, compared to its average volume of 1,615,211. YETI Holdings, Inc. has a 1-year low of $34.70 and a 1-year high of $54.15. The firm has a market cap of $3.04 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.42 and a beta of 2.29. The firm’s 50 day simple moving average is $38.08 and its two-hundred day simple moving average is $42.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.45.

YETI (NYSE:YETI) last issued 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). YETI had a net margin of 10.24% and a return on equity of 27.99%. The business had revenue of $519.79 million during the quarter, compared to analyst estimates of $535.99 million. During the same period in the previous year, the company posted $0.75 earnings per share. YETI’s revenue was up 16.0% on a year-over-year basis. On average, equities research analysts expect that YETI Holdings, Inc. will post 2.27 EPS for the current fiscal year.

About YETI

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.