Mackenzie Financial Corp Acquires Shares of 16,996 YETI Holdings, Inc. (NYSE:YETI)

Mackenzie Financial Corp purchased a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 16,996 shares of the company's stock, valued at approximately $655,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pinebridge Investments L.P. increased its holdings in YETI by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 38,074 shares of the company's stock valued at $1,466,000 after acquiring an additional 11,391 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in YETI by 1,172.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,807 shares of the company's stock valued at $609,000 after acquiring an additional 14,565 shares during the last quarter. Boothbay Fund Management LLC increased its holdings in YETI by 983.0% in the 4th quarter. Boothbay Fund Management LLC now owns 120,973 shares of the company's stock valued at $4,659,000 after acquiring an additional 109,803 shares during the last quarter. Truist Financial Corp increased 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 worth $1,098,000 after buying an additional 21,450 shares during the last quarter. Finally, Clearbridge Investments LLC bought a new stake in shares of YETI in the 4th quarter worth about $10,767,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on YETI shares. Piper Sandler reduced their target price on shares of YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Jefferies Financial Group restated a "buy" rating and issued a $55.00 target price on shares of YETI in a report on Monday, May 5th. The Goldman Sachs Group reduced their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. 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 report on Friday, April 11th. Finally, Canaccord Genuity Group reduced their target price on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $39.40.

YETI Trading Up 0.7%

Shares of YETI stock traded up $0.21 during trading hours on Friday, reaching $31.60. 1,311,849 shares of the stock were exchanged, compared to its average volume of 1,784,977. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The company's 50-day moving average price is $29.65 and its 200-day moving average price is $34.94. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. The firm's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. As a group, equities analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share 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.