WCM Investment Management LLC Grows Stock Position in YETI Holdings, Inc. (NYSE:YETI)

WCM Investment Management LLC grew its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 655.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 508,882 shares of the company's stock after purchasing an additional 441,516 shares during the period. WCM Investment Management LLC owned about 0.60% of YETI worth $20,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in YETI by 259.4% during the first quarter. SG Americas Securities LLC now owns 21,170 shares of the company's stock worth $816,000 after buying an additional 15,280 shares during the last quarter. BOKF NA boosted its position in YETI by 12,075.3% in the first quarter. BOKF NA now owns 18,263 shares of the company's stock worth $701,000 after purchasing an additional 18,113 shares during the last quarter. Janus Henderson Group PLC boosted its position in YETI by 65.8% in the first quarter. Janus Henderson Group PLC now owns 68,237 shares of the company's stock worth $2,630,000 after purchasing an additional 27,076 shares during the last quarter. International Assets Investment Management LLC boosted its position in YETI by 26,657.7% in the third quarter. International Assets Investment Management LLC now owns 43,615 shares of the company's stock worth $1,790,000 after purchasing an additional 43,452 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in YETI in the first quarter worth $880,000.

Analysts Set New Price Targets

Several research firms have weighed in on YETI. Bank of America cut YETI from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. Piper Sandler reissued an "overweight" rating and issued a $54.00 price objective (down previously from $55.00) on shares of YETI in a research report on Friday. KeyCorp boosted their target price on YETI from $36.00 to $38.00 and gave the company an "underweight" rating in a research note on Friday, August 9th. B. Riley boosted their target price on YETI from $38.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, August 9th. Finally, TD Cowen lowered their target price on YETI from $46.00 to $44.00 and set a "hold" rating on the stock in a research note on Monday. One investment 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. Based on data from MarketBeat.com, YETI presently has an average rating of "Hold" and a consensus target price of $45.46.

YETI Price Performance

Shares of YETI traded up $2.64 during mid-day trading on Monday, reaching $41.30. 2,854,277 shares of the stock traded hands, compared to its average volume of 1,623,356. The company has a current ratio of 2.58, a quick ratio of 1.22 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $38.75 and a 200 day moving average price of $39.20. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.12 and a beta of 2.12. YETI Holdings, Inc. has a 1 year low of $33.41 and a 1 year high of $54.15.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.06. The business had revenue of $463.50 million for the quarter, compared to the consensus estimate of $452.42 million. YETI had a return on equity of 28.31% and a net margin of 11.15%. The company's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. As a group, equities research analysts predict that YETI Holdings, Inc. will post 2.35 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.