American Century Companies Inc. Cuts Stock Position in YETI Holdings, Inc. (NYSE:YETI)

American Century Companies Inc. trimmed its holdings in YETI Holdings, Inc. (NYSE:YETI) by 25.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,444,123 shares of the company’s stock after selling 490,007 shares during the period. American Century Companies Inc. owned about 1.70% of YETI worth $55,613,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP boosted its position in shares of YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after acquiring an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of YETI during the 3rd quarter valued at about $38,000. Blue Trust Inc. grew its position in shares of YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after purchasing an additional 333 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after purchasing an additional 280 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of YETI by 364.3% in the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock worth $73,000 after buying an additional 1,479 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on YETI shares. KeyCorp cut their price target on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Morgan Stanley cut their target price on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Canaccord Genuity Group decreased their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note 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. Finally, UBS Group decreased their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, YETI has a consensus rating of “Hold” and an average price target of $44.77.

YETI Stock Down 0.5 %

Shares of NYSE:YETI opened at $33.68 on Thursday. The firm has a market capitalization of $2.78 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The business has a 50 day simple moving average of $36.17 and a two-hundred day simple moving average of $38.25. YETI Holdings, Inc. has a 1 year low of $31.48 and a 1 year high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. On average, equities analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

About YETI

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.