Schwartz Investment Counsel Inc. Decreases Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Schwartz Investment Counsel Inc. decreased its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 320,350 shares of the company's stock after selling 41,800 shares during the quarter. Schwartz Investment Counsel Inc. owned 0.38% of YETI worth $12,337,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in shares of YETI during the 3rd quarter valued at about $26,000. Blue Trust Inc. increased 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 purchasing an additional 630 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of YETI during the 3rd quarter valued at about $38,000. GAMMA Investing LLC increased its position in shares of YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company's stock valued at $50,000 after purchasing an additional 423 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of YETI by 48.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company's stock valued at $63,000 after purchasing an additional 500 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on YETI shares. Stifel Nicolaus cut their price objective on YETI from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Friday. UBS Group cut their price objective on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Canaccord Genuity Group cut their price objective on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Friday. KeyCorp cut their price objective on YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Finally, Bank of America downgraded YETI from a "buy" rating to a "neutral" rating and cut their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, YETI presently has a consensus rating of "Hold" and an average target price of $44.77.

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YETI Price Performance

Shares of YETI traded up $0.44 during mid-day trading on Friday, hitting $38.02. 2,150,866 shares of the stock were exchanged, compared to its average volume of 1,282,444. The company has a market cap of $3.22 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.06 and a beta of 2.13. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $45.25. The firm has a 50-day moving average of $38.78 and a two-hundred day moving average of $39.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $555.37 million for the quarter, compared to analysts' expectations of $554.08 million. YETI had a return on equity of 28.31% and a net margin of 11.15%. On average, equities analysts predict that YETI Holdings, Inc. will post 2.37 earnings per share for the current year.

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.