Capital Research Global Investors Boosts Holdings in YETI Holdings, Inc. (NYSE:YETI)

Capital Research Global Investors grew its stake in shares of YETI Holdings, Inc. (NYSE:YETIFree Report) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,169,730 shares of the company’s stock after purchasing an additional 10,497 shares during the quarter. Capital Research Global Investors owned approximately 11.71% of YETI worth $526,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in YETI. Sachetta LLC acquired a new stake in shares of YETI in the fourth quarter valued at about $53,000. Principal Securities Inc. acquired a new position in shares of YETI during the 4th quarter valued at about $74,000. Signaturefd LLC boosted its holdings in shares of YETI by 27.0% in the 4th quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock valued at $90,000 after purchasing an additional 368 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of YETI in the 3rd quarter worth about $121,000. Finally, Assetmark Inc. lifted its position in YETI by 63.1% during the fourth quarter. Assetmark Inc. now owns 2,873 shares of the company’s stock valued at $149,000 after buying an additional 1,112 shares in the last quarter.

Wall Street Analyst Weigh In

YETI has been the subject of several research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $54.00 target price (up previously from $52.00) on shares of YETI in a research report on Friday, May 10th. William Blair reaffirmed an “outperform” rating on shares of YETI in a research note on Wednesday, May 1st. Canaccord Genuity Group raised their price objective on shares of YETI from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. TD Cowen increased their price objective on YETI from $38.00 to $43.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Finally, Morgan Stanley boosted their price objective on shares of YETI from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.80.

Get Our Latest Report on YETI

YETI Stock Performance

Shares of NYSE:YETI traded up $1.59 on Wednesday, reaching $43.75. 2,070,305 shares of the company’s stock were exchanged, compared to its average volume of 1,675,891. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 1.26 and a beta of 2.19. The company has a fifty day moving average of $38.11 and a 200-day moving average of $42.04. YETI Holdings, Inc. has a twelve month low of $33.88 and a twelve month high of $54.15.

YETI (NYSE:YETIGet Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The firm had revenue of $341.39 million during the quarter, compared to the consensus estimate of $333.79 million. YETI had a return on equity of 28.81% and a net margin of 10.32%. On average, research analysts predict that YETI Holdings, Inc. will post 2.35 EPS for the current fiscal year.

YETI Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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