MetLife Investment Advisors LLC cut its position in Yeti Holdings Inc (NYSE:YETI) by 43.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,841 shares of the company’s stock after selling 6,006 shares during the period. MetLife Investment Advisors LLC’s holdings in Yeti were worth $237,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in Yeti in the fourth quarter valued at approximately $62,000. Rhumbline Advisers bought a new position in shares of Yeti in the fourth quarter valued at $323,000. PNC Financial Services Group Inc. bought a new position in shares of Yeti in the fourth quarter valued at $30,000. Lincoln National Corp bought a new position in shares of Yeti in the fourth quarter valued at $201,000. Finally, Dean Capital Investments Management LLC bought a new position in shares of Yeti in the fourth quarter valued at $524,000. 26.01% of the stock is owned by institutional investors.
Yeti stock traded up $0.17 on Thursday, reaching $32.20. 721,573 shares of the stock were exchanged, compared to its average volume of 1,682,308. The firm has a market cap of $2.72 billion and a PE ratio of 41.28. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.59 and a current ratio of 1.54. Yeti Holdings Inc has a twelve month low of $12.40 and a twelve month high of $36.60. The company’s fifty day moving average is $28.29.
YETI has been the topic of several research analyst reports. Cowen reiterated an “outperform” rating and set a $1,420.00 price objective (up from $1,390.00) on shares of Alphabet in a research report on Thursday, April 11th. Jefferies Financial Group set a $12.00 price objective on shares of GameStop and gave the stock a “hold” rating in a research report on Friday, March 22nd. Morgan Stanley boosted their price target on shares of AutoZone from $980.00 to $1,050.00 and gave the company an “equal weight” rating in a report on Friday, March 29th. Goldman Sachs Group upgraded shares of Puxin from a “neutral” rating to a “buy” rating and boosted their price target for the company from $51.00 to $56.00 in a report on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Friday, July 5th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Yeti has an average rating of “Buy” and an average target price of $27.61.
In other Yeti news, major shareholder Ryan R. Seiders sold 1,176,290 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $28.50, for a total transaction of $33,524,265.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Bryan C. Barksdale sold 9,650 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $28.50, for a total transaction of $275,025.00. The disclosure for this sale can be found here. In the last three months, insiders sold 2,549,150 shares of company stock worth $72,650,775. 10.70% of the stock is currently owned by insiders.
Yeti Company Profile
YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. 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, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.
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