Centiva Capital LP Sells 53,695 Shares of YETI Holdings, Inc. (NYSE:YETI)

Centiva Capital LP reduced its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 81.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,880 shares of the company’s stock after selling 53,695 shares during the period. Centiva Capital LP’s holdings in YETI were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in YETI. Allworth Financial LP raised its position in shares of YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after acquiring an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI in the 3rd quarter valued at about $38,000. Aster Capital Management DIFC Ltd bought a new stake in shares of YETI during the fourth quarter valued at approximately $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in YETI during the 4th quarter valued at $45,000. Finally, GeoWealth Management LLC acquired a new stake in shares of YETI in the 4th quarter worth about $48,000.

YETI Price Performance

YETI stock opened at $28.14 on Friday. The firm’s fifty day moving average is $30.85 and its 200 day moving average is $35.84. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The firm has a market cap of $2.33 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.05 and a beta of 1.91. 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 issued its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $351.13 million for the quarter, compared to analysts’ expectations of $347.72 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. Research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analyst Ratings Changes

YETI has been the topic of several recent analyst reports. Robert W. Baird dropped their price objective on YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Piper Sandler reduced their price objective on YETI from $52.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Raymond James reduced their target price on shares of YETI from $50.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday. Canaccord Genuity Group decreased their price objective on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, KeyCorp upgraded shares of YETI from an “underweight” rating to a “sector weight” rating in a research note on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.40.

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.