Bank of Montreal Can Has $999,000 Position in YETI Holdings, Inc. (NYSE:YETI)

Bank of Montreal Can reduced its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 28.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,932 shares of the company's stock after selling 10,349 shares during the quarter. Bank of Montreal Can's holdings in YETI were worth $999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YETI. JPMorgan Chase & Co. raised its stake in YETI by 16.7% in the 3rd 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. Truist Financial Corp boosted its holdings in shares of 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 purchasing an additional 21,450 shares during the last quarter. Clearbridge Investments LLC acquired a new position in YETI during the fourth quarter worth approximately $10,767,000. KLP Kapitalforvaltning AS purchased a new stake in YETI during the fourth quarter valued at about $693,000. Finally, Charles Schwab Investment Management Inc. boosted its position in YETI by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company's stock worth $29,790,000 after purchasing an additional 39,709 shares during the period.

YETI Stock Up 2.2 %

YETI stock traded up $0.62 during trading hours on Thursday, hitting $28.84. The company's stock had a trading volume of 348,032 shares, compared to its average volume of 1,680,887. 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 company has a market capitalization of $2.39 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The stock has a 50 day moving average price of $32.80 and a two-hundred day moving average price of $36.82.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The business had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. On average, equities research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on YETI. The Goldman Sachs Group reduced their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday. UBS Group lowered their price objective on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Robert W. Baird decreased their target price on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. KeyCorp raised shares of YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Finally, Stifel Nicolaus lowered their price objective on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $42.20.

About YETI

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.