Grandeur Peak Global Advisors LLC Increases Stake in YETI Holdings, Inc. (NYSE:YETI)

Grandeur Peak Global Advisors LLC boosted its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 22.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,726 shares of the company's stock after purchasing an additional 62,303 shares during the quarter. YETI comprises 1.2% of Grandeur Peak Global Advisors LLC's investment portfolio, making the stock its 25th biggest position. Grandeur Peak Global Advisors LLC owned about 0.40% of YETI worth $13,121,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of YETI. JPMorgan Chase & Co. raised its position in shares of YETI by 16.7% in the third 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 in the last quarter. Truist Financial Corp raised its holdings in shares of YETI by 304.2% in the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company's stock valued at $1,098,000 after acquiring an additional 21,450 shares in the last quarter. Clearbridge Investments LLC bought a new stake in shares of YETI during the 4th quarter valued at about $10,767,000. KLP Kapitalforvaltning AS purchased a new position in shares of YETI during the fourth quarter worth about $693,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of YETI by 5.4% in the fourth 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 last quarter.

Wall Street Analyst Weigh In

YETI has been the subject of several research analyst reports. KeyCorp dropped 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. Morgan Stanley dropped their price objective on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Canaccord Genuity Group reduced their target price on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. UBS Group dropped their price target on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Robert W. Baird cut their price objective on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, YETI presently has a consensus rating of "Hold" and a consensus price target of $44.00.

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YETI Trading Down 2.0 %

Shares of YETI stock traded down $0.58 on Tuesday, hitting $28.25. The stock had a trading volume of 1,553,581 shares, compared to its average volume of 1,674,923. The stock's 50-day simple moving average is $33.95 and its two-hundred day simple moving average is $37.33. YETI Holdings, Inc. has a one year low of $26.66 and a one year high of $45.25. 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 stock has a market cap of $2.34 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $555.37 million during 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%. As a group, sell-side analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

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.