Mitsubishi UFJ Trust & Banking Corp Trims Stake in YETI Holdings, Inc. (NYSE:YETI)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 12.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 524,720 shares of the company’s stock after selling 71,770 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.62% of YETI worth $20,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in YETI. Raymond James Trust N.A. purchased a new position in YETI during the fourth quarter worth about $210,000. SG Americas Securities LLC boosted its holdings in shares of YETI by 5.8% in the 4th quarter. SG Americas Securities LLC now owns 5,890 shares of the company’s stock worth $305,000 after purchasing an additional 324 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of YETI by 6.1% in the 4th quarter. Raymond James & Associates now owns 115,168 shares of the company’s stock worth $5,963,000 after purchasing an additional 6,606 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of YETI by 78.4% in the 4th quarter. Pacer Advisors Inc. now owns 13,048 shares of the company’s stock worth $676,000 after purchasing an additional 5,736 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of YETI in the 4th quarter worth about $207,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen upped their price objective on YETI from $38.00 to $43.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Roth Mkm cut their price objective on YETI from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Morgan Stanley upped their price objective on YETI from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Raymond James boosted their target price on YETI from $48.00 to $49.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Finally, Piper Sandler reissued an “overweight” rating and issued a $54.00 target price (up previously from $52.00) on shares of YETI in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, YETI has an average rating of “Hold” and an average target price of $46.47.

YETI Trading Down 0.7 %

YETI traded down $0.26 during midday trading on Friday, reaching $38.99. 1,294,023 shares of the company’s stock traded hands, compared to its average volume of 1,432,058. The firm has a fifty day moving average of $39.87 and a two-hundred day moving average of $40.26. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 1.17 and a beta of 2.14. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.35 and a quick ratio of 1.14. YETI Holdings, Inc. has a 52 week low of $33.88 and a 52 week high of $54.15.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $341.39 million during the quarter, compared to analyst estimates of $333.79 million. YETI had a return on equity of 28.81% and a net margin of 10.32%. On average, equities analysts anticipate that YETI Holdings, Inc. will post 2.36 earnings per share 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.