Capital World Investors Has $76.28 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Capital World Investors lessened its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 46.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,980,809 shares of the company's stock after selling 1,747,400 shares during the quarter. Capital World Investors owned about 2.34% of YETI worth $76,281,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in YETI by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company's stock worth $17,922,000 after buying an additional 62,619 shares during the period. Truist Financial Corp raised its position 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 period. Clearbridge Investments LLC bought a new position in shares of YETI during the 4th quarter valued at about $10,767,000. KLP Kapitalforvaltning AS acquired a new position in shares of YETI in the 4th quarter valued at approximately $693,000. Finally, Charles Schwab Investment Management Inc. increased its stake 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 in the last quarter.

YETI Stock Performance

Shares of YETI traded down $0.20 during midday trading on Friday, reaching $28.84. The stock had a trading volume of 1,432,102 shares, compared to its average volume of 1,683,237. The firm has a market cap of $2.39 billion, a PE ratio of 14.00, a P/E/G ratio of 1.05 and a beta of 2.04. The firm has a 50 day simple moving average of $32.43 and a 200-day simple moving average of $36.64. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI - Get Free Report) last announced 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). YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. As a group, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on YETI shares. The Goldman Sachs Group cut their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday. Canaccord Genuity Group reduced their target price on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, February 14th. KeyCorp upgraded YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. UBS Group cut their price target on YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Stifel Nicolaus decreased their price objective on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, YETI has a consensus rating of "Hold" and a consensus 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.