YETI Holdings, Inc. (NYSE:YETI) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 773,553 shares of the company’s stock after buying an additional 39,709 shares during the period. Charles Schwab Investment Management Inc.’s holdings in YETI were worth $29,790,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of YETI. JPMorgan Chase & Co. grew its position in shares of YETI by 16.7% in the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock valued at $17,922,000 after purchasing an additional 62,619 shares during the last quarter. Algert Global LLC grew its position in YETI by 443.0% during the third quarter. Algert Global LLC now owns 47,550 shares of the company’s stock worth $1,951,000 after buying an additional 38,793 shares in the last quarter. Truist Financial Corp grew its position in YETI by 304.2% during the fourth quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock worth $1,098,000 after buying an additional 21,450 shares in the last quarter. Qsemble Capital Management LP grew its position in YETI by 320.3% during the third quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock worth $1,090,000 after buying an additional 20,253 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in YETI during the third quarter worth about $1,415,000.

YETI Stock Performance

NYSE:YETI opened at $34.05 on Tuesday. YETI Holdings, Inc. has a 1 year low of $31.48 and a 1 year high of $45.25. The firm has a 50 day moving average of $36.64 and a 200-day moving average of $38.47. 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 stock has a market capitalization of $2.80 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

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

Analyst Ratings Changes

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

YETI Company 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.