Shellback Capital LP Has $5.79 Million Holdings in YETI Holdings, Inc. (NYSE:YETI)

Shellback Capital LP trimmed its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,464 shares of the company’s stock after selling 10,000 shares during the period. Shellback Capital LP owned 0.18% of YETI worth $5,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in shares of YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after acquiring an additional 467 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in YETI in the 4th quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd bought a new position in YETI during the fourth quarter worth about $45,000. GeoWealth Management LLC acquired a new position in YETI during the fourth quarter worth approximately $48,000. Finally, Blue Trust Inc. raised its stake in YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after buying an additional 333 shares during the period.

YETI Stock Performance

Shares of NYSE:YETI opened at $32.16 on Friday. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25. The company’s 50 day moving average price is $30.59 and its two-hundred day moving average price is $35.73. The firm has a market cap of $2.66 billion, a PE ratio of 15.61, a PEG ratio of 1.05 and a beta of 1.91. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $351.13 million during the quarter, compared to the consensus estimate of $347.72 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. YETI’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Equities research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Stifel Nicolaus reduced their target price on YETI from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Morgan Stanley lifted their price objective on shares of YETI from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. The Goldman Sachs Group dropped their price objective on shares of YETI from $41.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Canaccord Genuity Group reduced their target price on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, Robert W. Baird decreased their price target on shares of YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.40.

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.