Atria Wealth Solutions Inc. Decreases Stake in YETI Holdings, Inc. (NYSE:YETI)

Atria Wealth Solutions Inc. decreased its holdings in YETI Holdings, Inc. (NYSE:YETI) by 18.2% in the 4th quarter, HoldingsChannel reports. The fund owned 13,426 shares of the company’s stock after selling 2,988 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in YETI were worth $517,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WCM Investment Management LLC boosted its stake in shares of YETI by 655.4% during the 3rd quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock worth $20,701,000 after acquiring an additional 441,516 shares in the last quarter. Swedbank AB purchased a new stake in YETI during the fourth quarter worth $7,702,000. Retirement Systems of Alabama grew its holdings in YETI by 190.3% in the fourth quarter. Retirement Systems of Alabama now owns 298,526 shares of the company’s stock valued at $11,496,000 after purchasing an additional 195,693 shares during the last quarter. Congress Asset Management Co. increased its position in shares of YETI by 18.3% in the third quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock valued at $43,929,000 after buying an additional 165,458 shares in the last quarter. Finally, Verition Fund Management LLC raised its stake in shares of YETI by 855.1% during the 3rd quarter. Verition Fund Management LLC now owns 183,630 shares of the company’s stock worth $7,534,000 after buying an additional 164,404 shares during the last quarter.

YETI Trading Down 0.3 %

NYSE YETI opened at $37.39 on Thursday. The company has a market cap of $3.17 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.05 and a beta of 2.14. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The company has a 50-day moving average of $37.82 and a 200-day moving average of $39.07.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on YETI shares. KeyCorp lowered their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. UBS Group dropped their price objective on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. TD Cowen reduced their target price on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. Morgan Stanley lowered their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, Bank of America cut YETI from a “buy” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.