abrdn plc Sells 3,269 Shares of YETI Holdings, Inc. (NYSE:YETI)

abrdn plc lessened its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 0.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 382,712 shares of the company’s stock after selling 3,269 shares during the period. abrdn plc’s holdings in YETI were worth $19,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its holdings in YETI by 42.9% during the 3rd quarter. CWM LLC now owns 2,183 shares of the company’s stock valued at $105,000 after purchasing an additional 655 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in YETI during the 3rd quarter valued at $121,000. Shelton Capital Management acquired a new stake in YETI during the 3rd quarter valued at $200,000. Duality Advisers LP acquired a new stake in YETI during the 3rd quarter valued at $206,000. Finally, Pegasus Partners Ltd. acquired a new stake in shares of YETI in the 3rd quarter valued at $207,000.

YETI Stock Performance

YETI stock opened at $36.27 on Wednesday. The business’s 50-day moving average price is $38.56 and its two-hundred day moving average price is $42.74. The company has a current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.09 billion, a PE ratio of 18.60, a P/E/G ratio of 1.42 and a beta of 2.29. YETI Holdings, Inc. has a 1-year low of $34.70 and a 1-year high of $54.15.

YETI (NYSE:YETI) last posted its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.06). The business had revenue of $519.79 million for the quarter, compared to the consensus estimate of $535.99 million. YETI had a return on equity of 27.99% and a net margin of 10.24%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, research analysts forecast that YETI Holdings, Inc. will post 2.27 earnings per share for the current year.

Analysts Set New Price Targets

YETI has been the subject of several research reports. Raymond James lowered their target price on YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. KeyCorp lifted their target price on YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a research note on Friday, January 12th. B. Riley reissued a “neutral” rating and issued a $42.00 target price on shares of YETI in a research note on Friday, February 16th. Stifel Nicolaus lowered their target price on YETI from $43.00 to $41.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Finally, Canaccord Genuity Group cut YETI from a “buy” rating to a “hold” rating and lifted their target price for the company from $49.00 to $50.00 in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, YETI has an average rating of “Hold” and an average target price of $48.29.

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.