Peloton Wealth Strategists Has $3.34 Million Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Peloton Wealth Strategists grew its holdings in YETI Holdings, Inc. (NYSE:YETI) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,775 shares of the company’s stock after purchasing an additional 500 shares during the quarter. YETI comprises about 1.3% of Peloton Wealth Strategists’ portfolio, making the stock its 28th biggest position. Peloton Wealth Strategists’ holdings in YETI were worth $3,342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in shares of YETI by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after purchasing an additional 7,382 shares during the period. Congress Asset Management Co. raised its stake in YETI by 5.6% during the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company’s stock worth $43,557,000 after buying an additional 60,407 shares during the period. Bank of New York Mellon Corp raised its stake in YETI by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company’s stock worth $31,994,000 after buying an additional 5,987 shares during the period. Lord Abbett & CO. LLC raised its stake in YETI by 7.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock worth $33,242,000 after buying an additional 53,023 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in YETI by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company’s stock worth $31,353,000 after buying an additional 156,926 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Canaccord Genuity Group dropped their price target on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Morgan Stanley dropped their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research note on Friday, November 8th. Stifel Nicolaus dropped their price target on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, UBS Group dropped their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $44.77.

YETI Stock Performance

YETI stock opened at $35.63 on Friday. The firm has a market cap of $3.02 billion, a PE ratio of 17.30, a P/E/G ratio of 1.05 and a beta of 2.14. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $37.74 and a 200-day moving average of $39.04. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $45.25.

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