YETI Holdings, Inc. (NYSE:YETI) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 30.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 569,184 shares of the company's stock after purchasing an additional 132,374 shares during the period. JPMorgan Chase & Co. owned approximately 0.67% of YETI worth $21,919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Truist Financial Corp lifted its stake in YETI by 304.2% in 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. KLP Kapitalforvaltning AS bought a new stake in shares of YETI during the 4th quarter worth approximately $693,000. Charles Schwab Investment Management Inc. boosted its holdings in YETI by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company's stock valued at $29,790,000 after acquiring an additional 39,709 shares during the period. Chase Investment Counsel Corp bought a new position in YETI in the 4th quarter valued at $1,463,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of YETI during the fourth quarter worth $1,363,000.

Wall Street Analysts Forecast Growth

YETI has been the topic of a number of research analyst reports. UBS Group cut their price target on shares of YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Robert W. Baird reduced their target price on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday. KeyCorp lowered their price target on YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Canaccord Genuity Group reduced their price objective on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Finally, Stifel Nicolaus lowered their target price on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $44.00.

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YETI Stock Down 0.7 %

Shares of YETI stock traded down $0.21 on Tuesday, reaching $28.61. The stock had a trading volume of 192,034 shares, compared to its average volume of 1,850,998. 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 capitalization of $2.37 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.05 and a beta of 2.04. The company has a 50 day moving average price of $34.13 and a 200 day moving average price of $37.40. YETI Holdings, Inc. has a 1 year low of $26.66 and a 1 year high of $45.25.

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

YETI Company 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.