First Hawaiian Bank Decreases Holdings in YETI Holdings, Inc. (NYSE:YETI)

First Hawaiian Bank trimmed its stake in YETI Holdings, Inc. (NYSE:YETI) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,613 shares of the company’s stock after selling 1,682 shares during the quarter. First Hawaiian Bank’s holdings in YETI were worth $1,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of YETI. American Century Companies Inc. lifted its stake in YETI by 311.4% in the second quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock valued at $75,049,000 after purchasing an additional 1,488,994 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of YETI by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after buying an additional 179,005 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after buying an additional 7,382 shares during the last quarter. Congress Asset Management Co. increased its holdings in YETI by 18.3% in the 3rd quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock worth $43,929,000 after acquiring an additional 165,458 shares during the last quarter. Finally, Millennium Management LLC raised its stake in YETI by 54.8% in the 2nd quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock valued at $31,183,000 after acquiring an additional 289,298 shares during the period.

YETI Stock Down 0.9 %

YETI stock opened at $37.53 on Friday. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $49.01. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.37 and a beta of 2.14. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $39.81 and its 200 day moving average is $39.39.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of research reports. Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 target price on shares of YETI in a research report on Thursday, November 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price objective (down from $55.00) on shares of YETI in a report on Friday, November 8th. KeyCorp lowered their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday. TD Cowen cut their price target on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. Finally, Bank of America cut YETI from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, YETI currently has an average rating of “Hold” and a consensus target price of $44.83.

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.