AlphaQuest LLC Lowers Stake in YETI Holdings, Inc. (NYSE:YETI)

AlphaQuest LLC lowered its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 85.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,218 shares of the company’s stock after selling 7,065 shares during the period. AlphaQuest LLC’s holdings in YETI were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in YETI. Swedbank AB purchased a new position in shares of YETI during the 4th quarter worth approximately $7,702,000. Retirement Systems of Alabama boosted its position in shares of YETI by 190.3% during the 4th quarter. Retirement Systems of Alabama now owns 298,526 shares of the company’s stock worth $11,496,000 after purchasing an additional 195,693 shares during the period. Verition Fund Management LLC boosted its position 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 purchasing an additional 164,404 shares during the period. Raymond James Financial Inc. purchased a new position in shares of YETI during the 4th quarter worth approximately $6,240,000. Finally, Point72 Asset Management L.P. boosted its position in shares of YETI by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company’s stock worth $31,353,000 after purchasing an additional 156,926 shares during the period.

Wall Street Analyst Weigh In

YETI has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered their price objective on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Stifel Nicolaus reduced their target price 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. Morgan Stanley reduced their target price on shares of YETI from $48.00 to $45.00 and set an “equal weight” 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 on the stock in a report on Thursday, January 16th. Finally, KeyCorp reduced 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, January 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, YETI presently has an average rating of “Hold” and a consensus target price of $44.77.

YETI Price Performance

Shares of YETI opened at $34.69 on Friday. YETI Holdings, Inc. has a twelve month low of $31.48 and a twelve month high of $45.25. The firm’s fifty day simple moving average is $36.44 and its 200-day simple moving average is $38.38. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.05 and a beta of 2.15. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last posted its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $554.08 million. Equities analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.