Polen Capital Management LLC Sells 15,179 Shares of YETI Holdings, Inc. (NYSE:YETI)

Polen Capital Management LLC lessened its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 13.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,057 shares of the company’s stock after selling 15,179 shares during the period. Polen Capital Management LLC owned about 0.12% of YETI worth $3,776,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of YETI. Los Angeles Capital Management LLC bought a new stake in YETI in the third quarter valued at approximately $264,000. KBC Group NV raised its stake in YETI by 25.4% in the third quarter. KBC Group NV now owns 2,871 shares of the company’s stock valued at $118,000 after buying an additional 582 shares during the period. ING Groep NV bought a new position in shares of YETI during the third quarter worth approximately $1,887,000. Thrivent Financial for Lutherans increased its stake in shares of YETI by 29.9% during the third quarter. Thrivent Financial for Lutherans now owns 26,747 shares of the company’s stock worth $1,097,000 after purchasing an additional 6,152 shares during the period. Finally, Quest Partners LLC increased its stake in shares of YETI by 271.6% during the third quarter. Quest Partners LLC now owns 8,283 shares of the company’s stock worth $340,000 after purchasing an additional 6,054 shares during the period.

YETI Stock Up 0.9 %

Shares of YETI opened at $32.21 on Monday. YETI Holdings, Inc. has a 52 week low of $31.48 and a 52 week high of $45.25. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.05 and a beta of 2.15. 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 stock has a fifty day moving average of $36.72 and a 200-day moving average of $38.52.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on YETI. KeyCorp lowered their target price on 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 reduced their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley reduced 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. Stifel Nicolaus reduced their price target on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, Canaccord Genuity Group reduced their price target on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. One investment 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’s stock. According to MarketBeat.com, YETI presently has an average rating of “Hold” and an average target price of $44.77.

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.