Sherbrooke Park Advisers LLC Trims Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Sherbrooke Park Advisers LLC lessened its holdings in YETI Holdings, Inc. (NYSE:YETI) by 40.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,559 shares of the company’s stock after selling 8,525 shares during the period. Sherbrooke Park Advisers LLC’s holdings in YETI were worth $484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of YETI. Quantinno Capital Management LP lifted its stake in shares of YETI by 206.9% during the fourth quarter. Quantinno Capital Management LP now owns 183,539 shares of the company’s stock valued at $7,068,000 after buying an additional 123,728 shares during the period. Nomura Holdings Inc. lifted its stake in shares of YETI by 595.8% during the fourth quarter. Nomura Holdings Inc. now owns 595,154 shares of the company’s stock valued at $22,919,000 after buying an additional 509,616 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of YETI by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 1,108,913 shares of the company’s stock valued at $42,704,000 after buying an additional 10,673 shares during the period. Janus Henderson Group PLC lifted its stake in shares of YETI by 204.9% during the fourth quarter. Janus Henderson Group PLC now owns 240,275 shares of the company’s stock valued at $9,253,000 after buying an additional 161,467 shares during the period. Finally, Gates Capital Management Inc. purchased a new position in shares of YETI during the fourth quarter valued at approximately $135,356,000.

Analysts Set New Price Targets

A number of equities analysts have weighed in on YETI shares. The Goldman Sachs Group cut their price target on shares of YETI from $41.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley increased their price target on shares of YETI from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th. Stifel Nicolaus cut their price target on shares of YETI from $40.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. KeyCorp raised shares of YETI from an “underweight” rating to a “sector weight” rating in a research note on Thursday, April 17th. Finally, Canaccord Genuity Group cut their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Ten 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 company currently has an average rating of “Hold” and a consensus price target of $39.40.

YETI Price Performance

YETI opened at $32.14 on Friday. The company has a fifty day simple moving average of $30.56 and a 200 day simple moving average of $35.70. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.05 and a beta of 1.91. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $351.13 million during the quarter, compared to analyst estimates 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 period last year, the business earned $0.34 EPS. Equities research analysts expect that YETI Holdings, Inc. will post 2.57 EPS 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.