YETI Holdings, Inc. (NYSE:YETI) Stake Lessened by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 27,985 shares of the company’s stock after selling 1,138 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in YETI were worth $1,078,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its holdings in shares of YETI by 29.9% in the third quarter. Thrivent Financial for Lutherans now owns 26,747 shares of the company’s stock valued at $1,097,000 after buying an additional 6,152 shares in the last quarter. Algert Global LLC lifted its holdings in shares of YETI by 443.0% during the third quarter. Algert Global LLC now owns 47,550 shares of the company’s stock valued at $1,951,000 after purchasing an additional 38,793 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of YETI in the 3rd quarter valued at $561,000. FMR LLC increased its stake in YETI by 56.2% in the 3rd quarter. FMR LLC now owns 12,037 shares of the company’s stock worth $494,000 after purchasing an additional 4,329 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in YETI by 92.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 264,838 shares of the company’s stock worth $10,866,000 after buying an additional 127,518 shares during the period.

Analyst Ratings Changes

Several research analysts have recently weighed in on YETI shares. Canaccord Genuity Group dropped their target price on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. KeyCorp cut their target price 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 decreased their target price on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Morgan Stanley dropped their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Finally, Stifel Nicolaus decreased their price objective on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, YETI has a consensus rating of “Hold” and a consensus target price of $44.77.

YETI Price Performance

Shares of YETI opened at $33.92 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The firm has a market cap of $2.79 billion, a PE ratio of 16.46, a PEG ratio of 1.05 and a beta of 2.15. YETI Holdings, Inc. has a twelve month low of $31.48 and a twelve month high of $45.25. The firm’s 50 day moving average price is $36.11 and its 200 day moving average price is $38.22.

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

YETI 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.