IQ EQ FUND MANAGEMENT IRELAND Ltd Has $1.08 Million Holdings in YETI Holdings, Inc. (NYSE:YETI)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its stake in YETI Holdings, Inc. (NYSE:YETI) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,985 shares of the company’s stock after selling 1,138 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in YETI were worth $1,078,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in YETI. Jones Financial Companies Lllp grew its position in YETI by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after buying an additional 280 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of YETI by 6.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock worth $179,000 after acquiring an additional 290 shares during the period. Atria Investments Inc grew its holdings in shares of YETI by 4.2% during the 4th quarter. Atria Investments Inc now owns 8,110 shares of the company’s stock worth $312,000 after purchasing an additional 328 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of YETI by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock valued at $487,000 after purchasing an additional 332 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 333 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus decreased their price target on shares of YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. UBS Group decreased their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. KeyCorp dropped their price target on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Canaccord Genuity Group decreased their price objective on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Morgan Stanley dropped their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.77.

YETI Stock Up 0.7 %

NYSE YETI opened at $33.92 on Friday. The stock’s 50 day simple moving average is $36.11 and its 200 day simple moving average is $38.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. YETI Holdings, Inc. has a one year low of $31.48 and a one year high of $45.25. The firm has a market cap of $2.79 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

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

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.