YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Citigroup Inc.

Citigroup Inc. lessened its position in YETI Holdings, Inc. (NYSE:YETI – Get Rating) by 44.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 58,036 shares of the company’s stock after selling 47,263 shares during the period. Citigroup Inc. owned approximately 0.07% of YETI worth $2,397,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in YETI. Capital World Investors lifted its stake in shares of YETI by 23.4% in the 1st quarter. Capital World Investors now owns 7,266,836 shares of the company’s stock worth $435,865,000 after acquiring an additional 1,376,536 shares during the period. Capital International Investors increased its holdings in shares of YETI by 67.3% in the 1st quarter. Capital International Investors now owns 1,795,128 shares of the company’s stock valued at $107,672,000 after purchasing an additional 721,816 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of YETI in the 1st quarter valued at about $33,133,000. Wasatch Advisors Inc. increased its holdings in shares of YETI by 12.5% in the 1st quarter. Wasatch Advisors Inc. now owns 3,908,872 shares of the company’s stock valued at $234,454,000 after purchasing an additional 434,669 shares in the last quarter. Finally, Congress Asset Management Co. MA purchased a new position in shares of YETI in the 4th quarter valued at about $17,844,000. Institutional investors and hedge funds own 94.24% of the company’s stock.

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Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Raymond James increased their price target on shares of YETI from $45.00 to $48.00 in a report on Friday, May 12th. Credit Suisse Group cut their price target on shares of YETI from $62.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, February 24th. Canaccord Genuity Group cut their price target on shares of YETI from $58.00 to $54.00 and set a “buy” rating for the company in a report on Friday, February 24th. The Goldman Sachs Group downgraded shares of YETI from a “buy” rating to a “neutral” rating and dropped their target price for the company from $51.00 to $43.00 in a report on Friday, February 24th. Finally, Robert W. Baird dropped their target price on shares of YETI from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, February 24th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.31.

YETI Trading Down 1.8 %

Shares of YETI stock opened at $38.14 on Wednesday. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 44.87, a price-to-earnings-growth ratio of 1.31 and a beta of 2.48. The company has a quick ratio of 0.93, a current ratio of 1.99 and a debt-to-equity ratio of 0.12. YETI Holdings, Inc. has a fifty-two week low of $27.86 and a fifty-two week high of $55.15. The firm’s 50 day moving average price is $39.76 and its two-hundred day moving average price is $41.15.

YETI (NYSE:YETI – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $486.41 million for the quarter, compared to analysts’ expectations of $491.03 million. YETI had a net margin of 4.65% and a return on equity of 33.52%. On average, analysts anticipate that YETI Holdings, Inc. will post 2.01 EPS for the current year.

YETI Profile

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YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.

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