YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lowered its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 63.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,140 shares of the company’s stock after selling 19,752 shares during the period. Calamos Advisors LLC’s holdings in YETI were worth $577,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in YETI. CWM LLC boosted its stake in shares of YETI by 42.9% during the third quarter. CWM LLC now owns 2,183 shares of the company’s stock valued at $105,000 after acquiring an additional 655 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in YETI in the 3rd quarter worth about $121,000. Shelton Capital Management acquired a new stake in YETI in the 3rd quarter worth about $200,000. Duality Advisers LP acquired a new stake in YETI in the 3rd quarter worth about $206,000. Finally, Pegasus Partners Ltd. acquired a new stake in YETI in the 3rd quarter worth about $207,000.

Analysts Set New Price Targets

A number of analysts have issued reports on YETI shares. Stifel Nicolaus decreased their price target on YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. KeyCorp raised their price target on YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research note on Friday, January 12th. B. Riley reissued a “neutral” rating and issued a $42.00 price target on shares of YETI in a research note on Friday, February 16th. Raymond James decreased their price target on YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, February 16th. Finally, Canaccord Genuity Group lowered YETI from a “buy” rating to a “hold” rating and lifted their price objective for the company from $49.00 to $50.00 in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, YETI presently has an average rating of “Hold” and an average target price of $48.29.

YETI Stock Performance

Shares of NYSE:YETI opened at $36.36 on Tuesday. The company has a market cap of $3.10 billion, a P/E ratio of 18.65, a PEG ratio of 1.46 and a beta of 2.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30. YETI Holdings, Inc. has a one year low of $34.70 and a one year high of $54.15. The business’s 50-day simple moving average is $38.78 and its 200 day simple moving average is $42.76.

YETI (NYSE:YETI) last announced its earnings results on Thursday, February 15th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06). The company had revenue of $519.79 million for the quarter, compared to analysts’ expectations of $535.99 million. YETI had a net margin of 10.24% and a return on equity of 27.99%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, sell-side analysts forecast that YETI Holdings, Inc. will post 2.27 earnings per share 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.