AIA Group Ltd Decreases Stock Position in YETI Holdings, Inc. (NYSE:YETI)

AIA Group Ltd reduced its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,441 shares of the company’s stock after selling 1,500 shares during the quarter. AIA Group Ltd owned approximately 0.06% of YETI worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YETI. JPMorgan Chase & Co. increased its stake in shares of YETI by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after purchasing an additional 62,619 shares in the last quarter. Truist Financial Corp grew its holdings in YETI by 304.2% during the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock valued at $1,098,000 after buying an additional 21,450 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in YETI by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock worth $29,790,000 after buying an additional 39,709 shares in the last quarter. Chase Investment Counsel Corp purchased a new stake in shares of YETI in the fourth quarter valued at $1,463,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of YETI during the fourth quarter valued at $1,363,000.

YETI Price Performance

Shares of YETI stock opened at $33.15 on Tuesday. YETI Holdings, Inc. has a twelve month low of $31.48 and a twelve month high of $45.25. The company has a market capitalization of $2.74 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $35.94 and a 200-day simple moving average of $38.18.

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

Analyst Upgrades and Downgrades

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

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.