YETI Holdings, Inc. (NYSE:YETI) Holdings Reduced by Chatham Capital Group Inc.

Chatham Capital Group Inc. decreased its position in YETI Holdings, Inc. (NYSE:YETI) by 5.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 47,089 shares of the company’s stock after selling 2,585 shares during the period. Chatham Capital Group Inc.’s holdings in YETI were worth $1,813,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in YETI by 0.5% during the third 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 last quarter. Congress Asset Management Co. lifted its position in shares of YETI by 5.6% in the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company’s stock valued at $43,557,000 after acquiring an additional 60,407 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of YETI by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company’s stock valued at $31,994,000 after acquiring an additional 5,987 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of YETI by 7.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock valued at $33,242,000 after acquiring an additional 53,023 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of YETI by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock valued at $29,790,000 after acquiring an additional 39,709 shares in the last quarter.

YETI Stock Performance

NYSE:YETI opened at $34.90 on Friday. YETI Holdings, Inc. has a 1 year low of $33.36 and a 1 year high of $45.25. The firm’s fifty day simple moving average is $37.39 and its 200 day simple moving average is $38.86. 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 firm has a market capitalization of $2.88 billion, a PE ratio of 16.94, a PEG 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 analyst estimates of $554.08 million. On average, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on YETI. Piper Sandler restated an “overweight” rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. Canaccord Genuity Group cut their target price on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. KeyCorp cut their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. TD Cowen cut their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. Finally, UBS Group cut their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $44.77.

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.