Chase Investment Counsel Corp Takes Position in YETI Holdings, Inc. (NYSE:YETI)

Chase Investment Counsel Corp acquired a new stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 38,000 shares of the company's stock, valued at approximately $1,463,000.

Several other institutional investors and hedge funds have also recently modified their holdings of YETI. Allworth Financial LP boosted its stake in YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after buying an additional 467 shares during the last quarter. Blue Trust Inc. raised its position in shares of YETI by 265.8% during the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company's stock valued at $33,000 after buying an additional 630 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of YETI in the 3rd quarter valued at about $38,000. Versant Capital Management Inc grew its position in YETI by 364.3% in the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company's stock worth $73,000 after acquiring an additional 1,479 shares in the last quarter. Finally, Quarry LP increased its stake in YETI by 209.8% during the third quarter. Quarry LP now owns 1,927 shares of the company's stock worth $79,000 after acquiring an additional 1,305 shares during the last quarter.

YETI Stock Down 1.0 %

NYSE YETI traded down $0.36 on Monday, reaching $35.28. 1,094,512 shares of the stock traded hands, compared to its average volume of 1,652,320. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $45.25. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.05 and a beta of 2.13. The company has a fifty day moving average price of $37.67 and a 200-day moving average price of $38.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $554.08 million. As a group, research analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Bank of America lowered YETI from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. KeyCorp dropped their price objective on shares of YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. UBS Group reduced their target price on shares of YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus dropped their price target on shares of YETI from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Finally, TD Cowen cut their price target on shares of YETI from $46.00 to $44.00 and set a "hold" rating on the stock in a report on Monday, November 11th. One 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 data from MarketBeat, YETI has an average rating of "Hold" and a consensus target price of $44.77.

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.