US Bancorp DE Decreases Holdings in YETI Holdings, Inc. (NYSE:YETI)

US Bancorp DE trimmed its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 58.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,721 shares of the company’s stock after selling 2,388 shares during the quarter. US Bancorp DE’s holdings in YETI were worth $66,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in YETI by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock worth $58,573,000 after purchasing an additional 7,382 shares during the period. Congress Asset Management Co. increased its stake in YETI by 5.6% in the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company’s stock worth $43,557,000 after purchasing an additional 60,407 shares during the period. Bank of New York Mellon Corp increased its stake in YETI by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company’s stock worth $31,994,000 after purchasing an additional 5,987 shares during the period. Lord Abbett & CO. LLC increased its stake in YETI by 7.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock worth $33,242,000 after purchasing an additional 53,023 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in YETI by 25.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company’s stock worth $31,353,000 after purchasing an additional 156,926 shares during the period.

YETI Trading Up 5.8 %

NYSE YETI opened at $34.05 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a twelve month low of $31.48 and a twelve month high of $45.25. The firm has a market capitalization of $2.80 billion, a PE ratio of 16.53, a P/E/G ratio of 1.05 and a beta of 2.15. The stock’s 50 day moving average is $36.64 and its 200 day moving average is $38.47.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The firm had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. Research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

YETI has been the topic of a number of analyst reports. Canaccord Genuity Group decreased their price target on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. UBS Group decreased their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley decreased their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. KeyCorp cut their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus cut their price objective on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $44.77.

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.