Entropy Technologies LP Lowers Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Entropy Technologies LP cut its holdings in YETI Holdings, Inc. (NYSE:YETI) by 33.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,458 shares of the company’s stock after selling 5,328 shares during the quarter. Entropy Technologies LP’s holdings in YETI were worth $403,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Deutsche Bank AG increased its stake in shares of YETI by 4.3% during the third quarter. Deutsche Bank AG now owns 241,570 shares of the company’s stock worth $11,649,000 after purchasing an additional 9,856 shares in the last quarter. Raymond James Trust N.A. purchased a new position in shares of YETI in the fourth quarter worth about $210,000. SG Americas Securities LLC boosted its position in YETI by 5.8% during the fourth quarter. SG Americas Securities LLC now owns 5,890 shares of the company’s stock worth $305,000 after acquiring an additional 324 shares during the last quarter. Raymond James & Associates grew its stake in YETI by 6.1% during the 4th quarter. Raymond James & Associates now owns 115,168 shares of the company’s stock valued at $5,963,000 after acquiring an additional 6,606 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in YETI by 78.4% in the 4th quarter. Pacer Advisors Inc. now owns 13,048 shares of the company’s stock valued at $676,000 after acquiring an additional 5,736 shares during the last quarter.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of analyst reports. Morgan Stanley upped their price target on YETI from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Canaccord Genuity Group boosted their price target on shares of YETI from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Jefferies Financial Group increased their price objective on shares of YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday. William Blair reissued an “outperform” rating on shares of YETI in a research report on Wednesday, May 1st. Finally, B. Riley dropped their price objective on YETI from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.47.

YETI Stock Down 0.0 %

Shares of YETI stock traded down $0.01 during trading hours on Friday, reaching $39.24. 7,604 shares of the stock were exchanged, compared to its average volume of 1,615,755. YETI Holdings, Inc. has a 12-month low of $33.88 and a 12-month high of $54.15. The business’s fifty day moving average is $39.89 and its two-hundred day moving average is $40.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.35 and a quick ratio of 1.14. The firm has a market capitalization of $3.34 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.21 and a beta of 2.14.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07. The business had revenue of $341.39 million during the quarter, compared to analysts’ expectations of $333.79 million. YETI had a net margin of 10.32% and a return on equity of 28.81%. As a group, research analysts expect that YETI Holdings, Inc. will post 2.35 EPS 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.