Radnor Capital Management LLC Reduces Stock Position in YETI Holdings, Inc. (NYSE:YETI)
Radnor Capital Management LLC lessened its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,650 shares of the company’s stock after selling 530 shares during the quarter. Radnor Capital Management LLC’s holdings in YETI were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Chatham Capital Group Inc. increased its holdings in YETI by 0.5% during the third quarter. Chatham Capital Group Inc. now owns 43,097 shares of the company’s stock valued at $1,953,000 after buying an additional 217 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in YETI by 5.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,570 shares of the company’s stock valued at $524,000 after purchasing an additional 580 shares during the period. Amalgamated Bank boosted its holdings in YETI by 4.7% in the 3rd quarter. Amalgamated Bank now owns 13,041 shares of the company’s stock valued at $591,000 after purchasing an additional 584 shares during the period. Point72 Hong Kong Ltd bought a new position in YETI in the 3rd quarter valued at $28,000. Finally, Hussman Strategic Advisors Inc. boosted its holdings in YETI by 2.0% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 35,700 shares of the company’s stock valued at $1,618,000 after purchasing an additional 700 shares during the period. 93.49% of the stock is currently owned by hedge funds and other institutional investors.
YETI has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of YETI from a “strong-buy” rating to a “hold” rating in a report on Friday, January 8th. Morgan Stanley lifted their price objective on shares of YETI from $41.00 to $54.00 and gave the stock an “equal weight” rating in a report on Monday, November 9th. Robert W. Baird lifted their target price on shares of YETI from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 6th. Raymond James lifted their target price on shares of YETI from $65.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, January 4th. Finally, KeyCorp lifted their target price on shares of YETI from $58.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. YETI presently has a consensus rating of “Buy” and a consensus price target of $53.50.
Shares of YETI stock traded up $0.70 during mid-day trading on Wednesday, reaching $78.74. The stock had a trading volume of 17,992 shares, compared to its average volume of 748,641. The stock’s 50-day moving average price is $69.05 and its two-hundred day moving average price is $54.15. YETI Holdings, Inc. has a 52-week low of $15.28 and a 52-week high of $78.18. The firm has a market capitalization of $6.86 billion, a PE ratio of 100.98, a price-to-earnings-growth ratio of 2.66 and a beta of 2.80. The company has a current ratio of 2.80, a quick ratio of 1.74 and a debt-to-equity ratio of 1.60.
YETI (NYSE:YETI) last announced its earnings results on Thursday, November 5th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.24. The firm had revenue of $294.60 million for the quarter, compared to analyst estimates of $261.86 million. YETI had a net margin of 7.17% and a return on equity of 84.63%. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, equities research analysts forecast that YETI Holdings, Inc. will post 1.37 earnings per share for the current year.
YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, wine tumbler, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.
Further Reading: What are the reasons investors use put options?
Want to see what other hedge funds are holding YETI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for YETI Holdings, Inc. (NYSE:YETI).
Receive News & Ratings for YETI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YETI and related companies with MarketBeat.com's FREE daily email newsletter.