Chevy Chase Trust Holdings LLC Raises Holdings in YETI Holdings, Inc. (NYSE:YETI)

Chevy Chase Trust Holdings LLC increased its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 28.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,498 shares of the company's stock after acquiring an additional 55,468 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.29% of YETI worth $9,608,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division raised its stake in shares of YETI by 6.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company's stock valued at $179,000 after acquiring an additional 290 shares during the period. Pacer Advisors Inc. raised its position in YETI by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company's stock worth $487,000 after purchasing an additional 332 shares during the period. Blue Trust Inc. raised its position in YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after purchasing an additional 333 shares during the period. Covestor Ltd lifted its stake in YETI by 13.5% in the third quarter. Covestor Ltd now owns 2,880 shares of the company's stock worth $118,000 after purchasing an additional 343 shares during the last quarter. Finally, Peloton Wealth Strategists boosted its position in shares of YETI by 0.4% during the third quarter. Peloton Wealth Strategists now owns 86,275 shares of the company's stock valued at $3,540,000 after buying an additional 350 shares during the period.

YETI Stock Down 3.5 %

Shares of YETI stock traded down $1.36 during mid-day trading on Wednesday, hitting $37.07. 1,689,870 shares of the stock traded hands, compared to its average volume of 1,695,780. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $45.25. The stock has a market cap of $3.14 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.08 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The stock's fifty day moving average is $38.41 and its two-hundred day moving average is $39.15.

YETI (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The firm had revenue of $555.37 million for the quarter, compared to analysts' expectations of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. Equities analysts predict that YETI Holdings, Inc. will post 2.59 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley reduced their price target on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Bank of America lowered YETI from a "buy" rating to a "neutral" rating and lowered their price target for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. UBS Group decreased their target price on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. KeyCorp dropped their price target on YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. Finally, Piper Sandler restated an "overweight" rating and issued a $54.00 price objective (down from $55.00) on shares of YETI in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.