Principal Securities Inc. Acquires 4,084 Shares of YETI Holdings, Inc. (NYSE:YETI)

Principal Securities Inc. boosted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 305.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,421 shares of the company’s stock after buying an additional 4,084 shares during the quarter. Principal Securities Inc.’s holdings in YETI were worth $209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WCM Investment Management LLC increased its stake in shares of YETI by 655.4% in the 3rd quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock worth $20,701,000 after purchasing an additional 441,516 shares in the last quarter. Swedbank AB purchased a new stake in YETI in the fourth quarter worth about $7,702,000. Retirement Systems of Alabama raised its stake in shares of YETI by 190.3% in the fourth quarter. Retirement Systems of Alabama now owns 298,526 shares of the company’s stock worth $11,496,000 after buying an additional 195,693 shares during the period. Congress Asset Management Co. lifted its position in shares of YETI by 18.3% during the 3rd quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock valued at $43,929,000 after buying an additional 165,458 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in shares of YETI by 855.1% during the 3rd quarter. Verition Fund Management LLC now owns 183,630 shares of the company’s stock valued at $7,534,000 after acquiring an additional 164,404 shares during the period.

Analyst Ratings Changes

Several equities analysts have weighed in on YETI shares. UBS Group lowered their price target on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 target price (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Morgan Stanley decreased their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. KeyCorp dropped their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their target price on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, YETI currently has an average rating of “Hold” and an average target price of $44.77.

YETI Trading Up 0.8 %

Shares of YETI opened at $37.12 on Tuesday. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.05 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $45.25. The company has a 50-day moving average of $37.99 and a 200 day moving average of $39.10.

YETI (NYSE:YETI) last posted its quarterly 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). The firm had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. On average, research analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current year.

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.