Atria Wealth Solutions Inc. Sells 545 Shares of YETI Holdings, Inc. (NYSE:YETI)

Atria Wealth Solutions Inc. decreased its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,699 shares of the company’s stock after selling 545 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in YETI were worth $865,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gotham Asset Management LLC increased its holdings in shares of YETI by 41.4% during the 3rd quarter. Gotham Asset Management LLC now owns 122,399 shares of the company’s stock worth $5,902,000 after purchasing an additional 35,822 shares during the period. AIA Group Ltd acquired a new position in YETI in the 4th quarter valued at approximately $2,397,000. Aigen Investment Management LP bought a new stake in shares of YETI in the 3rd quarter worth approximately $1,286,000. Invesco Ltd. grew its holdings in shares of YETI by 13.9% during the 3rd quarter. Invesco Ltd. now owns 215,216 shares of the company’s stock worth $10,378,000 after purchasing an additional 26,262 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of YETI by 393.3% during the third quarter. Qube Research & Technologies Ltd now owns 146,857 shares of the company’s stock valued at $7,081,000 after purchasing an additional 117,089 shares during the period.

Analysts Set New Price Targets

Several brokerages recently commented on YETI. B. Riley reduced their target price on YETI from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Raymond James decreased their target price on shares of YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. KeyCorp increased their price target on shares of YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research report on Friday, January 12th. Stifel Nicolaus decreased their price objective on YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Finally, Canaccord Genuity Group dropped their target price on YETI from $41.00 to $40.00 and set a “hold” rating for the company in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $48.00.

YETI Stock Up 0.6 %

Shares of NYSE YETI opened at $34.61 on Friday. YETI Holdings, Inc. has a 12-month low of $33.88 and a 12-month high of $54.15. The firm’s 50-day simple moving average is $37.88 and its 200 day simple moving average is $42.45. The company has a quick ratio of 1.45, a current ratio of 2.30 and a debt-to-equity ratio of 0.11. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.35 and a beta of 2.26.

YETI (NYSE:YETI) last released its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The firm 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 company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. On average, research analysts expect that YETI Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

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.