M&T Bank Corp Sells 561 Shares of YETI Holdings, Inc. (NYSE:YETI)

M&T Bank Corp decreased its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,354 shares of the company’s stock after selling 561 shares during the period. M&T Bank Corp’s holdings in YETI were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in shares of YETI in the fourth quarter worth about $44,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in YETI in the fourth quarter worth about $45,000. GeoWealth Management LLC purchased a new stake in YETI in the fourth quarter worth about $48,000. Headlands Technologies LLC purchased a new stake in YETI in the fourth quarter worth about $70,000. Finally, Meeder Asset Management Inc. purchased a new stake in YETI in the fourth quarter worth about $77,000.

YETI Stock Performance

Shares of YETI stock opened at $34.98 on Friday. The firm has a market capitalization of $2.90 billion, a P/E ratio of 16.82, a PEG ratio of 3.03 and a beta of 1.85. The company has a quick ratio of 1.47, a current ratio of 2.58 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average price of $31.41 and a 200 day moving average price of $33.05. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $351.13 million during the quarter, compared to analyst estimates of $347.72 million. YETI had a net margin of 9.59% and a return on equity of 26.48%. YETI’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS. Sell-side analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of research reports. Stifel Nicolaus lowered their price objective on shares of YETI from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Robert W. Baird lowered their price objective on shares of YETI from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. KeyCorp raised shares of YETI from an “underweight” rating to a “sector weight” rating in a research note on Thursday, April 17th. UBS Group upped their price objective on shares of YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Piper Sandler decreased their price target on shares of YETI from $52.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.67.

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.