Corient Private Wealth LLC Decreases Holdings in YETI Holdings, Inc. (NYSE:YETI)

Corient Private Wealth LLC reduced its position in YETI Holdings, Inc. (NYSE:YETI) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,668 shares of the company’s stock after selling 4,937 shares during the quarter. Corient Private Wealth LLC’s holdings in YETI were worth $1,566,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in shares of YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after buying an additional 280 shares during the last quarter. Central Pacific Bank Trust Division increased its position in shares of YETI by 6.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock valued at $179,000 after acquiring an additional 290 shares during the period. Atria Investments Inc raised its stake in YETI by 4.2% in the 4th quarter. Atria Investments Inc now owns 8,110 shares of the company’s stock worth $312,000 after acquiring an additional 328 shares during the last quarter. Pacer Advisors Inc. lifted its position in YETI by 2.7% during the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock worth $487,000 after acquiring an additional 332 shares during the period. Finally, Blue Trust Inc. grew its stake in YETI by 38.4% during the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after purchasing an additional 333 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

YETI Trading Down 1.6 %

Shares of NYSE:YETI opened at $33.85 on Wednesday. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The business’s 50 day moving average price is $36.24 and its 200-day moving average price is $38.28. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. YETI Holdings, Inc. has a 1 year low of $31.48 and a 1 year high of $45.25.

YETI (NYSE:YETI) last announced 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 net margin of 9.60% and a return on equity of 28.23%. The company had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. On average, equities research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

YETI 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.