Invesco Ltd. Sells 41,007 Shares of YETI Holdings, Inc. (NYSE:YETI)

Invesco Ltd. decreased its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 851,556 shares of the company’s stock after selling 41,007 shares during the period. Invesco Ltd. owned 1.00% of YETI worth $32,793,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in YETI. Allworth Financial LP raised its holdings in shares of YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after purchasing an additional 467 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in YETI during the 3rd quarter worth approximately $38,000. Aster Capital Management DIFC Ltd bought a new position in YETI in the fourth quarter worth approximately $44,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in YETI in the fourth quarter valued at approximately $45,000. Finally, Blue Trust Inc. increased its holdings in shares of YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after acquiring an additional 333 shares in the last quarter.

YETI Trading Up 3.4 %

Shares of YETI stock opened at $27.85 on Friday. The stock has a fifty day moving average price of $33.60 and a 200-day moving average price of $37.17. 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 firm has a market cap of $2.31 billion, a PE ratio of 13.52, a P/E/G ratio of 1.05 and a beta of 2.04. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). The company had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. Equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on YETI shares. KeyCorp upgraded YETI from an “underweight” rating to a “sector weight” rating in a report on Thursday. Morgan Stanley reduced their price objective on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Robert W. Baird lowered their target price on shares of YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Canaccord Genuity Group cut their price target on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Finally, UBS Group lowered their price objective on YETI from $43.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $43.14.

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.