Charles Schwab Investment Management Inc. Has $29.79 Million Stake in YETI Holdings, Inc. (NYSE:YETI)

Charles Schwab Investment Management Inc. grew its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 773,553 shares of the company's stock after acquiring an additional 39,709 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.91% of YETI worth $29,790,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Swedbank AB acquired a new position in shares of YETI in the 4th quarter worth approximately $7,702,000. Retirement Systems of Alabama raised its stake in YETI by 190.3% during the fourth quarter. Retirement Systems of Alabama now owns 298,526 shares of the company's stock worth $11,496,000 after acquiring an additional 195,693 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of YETI by 855.1% in the 3rd quarter. Verition Fund Management LLC now owns 183,630 shares of the company's stock valued at $7,534,000 after purchasing an additional 164,404 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of YETI by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company's stock worth $31,353,000 after purchasing an additional 156,926 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in YETI by 92.9% during the third quarter. BNP Paribas Financial Markets now owns 264,838 shares of the company's stock worth $10,866,000 after buying an additional 127,518 shares during the last quarter.

YETI Price Performance

Shares of YETI stock traded up $0.10 on Friday, reaching $34.79. 1,357,873 shares of the stock were exchanged, compared to its average volume of 1,584,005. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The firm has a market cap of $2.87 billion, a PE ratio of 16.89, a P/E/G ratio of 1.05 and a beta of 2.15. The firm's 50 day moving average is $36.44 and its 200-day moving average is $38.38. YETI Holdings, Inc. has a one year low of $31.48 and a one year high of $45.25.

Remove Ads

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). YETI had a return on equity of 28.23% and a net margin of 9.60%. The company had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. As a group, analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analysts Set New Price Targets

YETI has been the subject of a number of research reports. Canaccord Genuity Group lowered their target price on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, February 14th. 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 note on Wednesday, January 8th. Morgan Stanley decreased their price target on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. UBS Group dropped their price objective on shares of YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, Stifel Nicolaus decreased their price objective on YETI from $45.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. 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 company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $44.77.

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.