Moody National Bank Trust Division Sells 995 Shares of YETI Holdings, Inc. (NYSE:YETI)

Moody National Bank Trust Division reduced its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 6.3% in the fourth quarter, Holdings Channel reports. The fund owned 14,870 shares of the company’s stock after selling 995 shares during the quarter. Moody National Bank Trust Division’s holdings in YETI were worth $573,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in shares of YETI in the 2nd quarter worth approximately $23,166,000. WCM Investment Management LLC lifted its position in YETI by 655.4% in the third quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock worth $20,701,000 after buying an additional 441,516 shares during the last quarter. Millennium Management LLC boosted its stake in YETI by 54.8% during the second quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock worth $31,183,000 after buying an additional 289,298 shares during the period. Marshall Wace LLP increased its position in YETI by 76.2% during the second quarter. Marshall Wace LLP now owns 607,551 shares of the company’s stock valued at $23,178,000 after acquiring an additional 262,829 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of YETI by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after acquiring an additional 179,005 shares during the period.

YETI Price Performance

YETI opened at $37.53 on Wednesday. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.37 and a beta of 2.14. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $49.01. The business’s fifty day simple moving average is $39.88 and its 200-day simple moving average is $39.36.

Wall Street Analysts Forecast Growth

YETI has been the subject of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 price target on shares of YETI in a research note on Thursday, November 14th. TD Cowen dropped their target price on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. Piper Sandler reiterated an “overweight” rating and issued a $54.00 price target (down from $55.00) on shares of YETI in a report on Friday, November 8th. KeyCorp decreased their price target on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Finally, Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.83.

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.