WCM Investment Management LLC Has $15.52 Million Stake in YETI Holdings, Inc. (NYSE:YETI)

WCM Investment Management LLC reduced its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 4.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 469,048 shares of the company's stock after selling 23,883 shares during the quarter. WCM Investment Management LLC owned 0.57% of YETI worth $15,521,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in YETI by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after acquiring an additional 280 shares in the last quarter. Atria Investments Inc increased its holdings in shares of YETI by 4.2% in the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company's stock valued at $312,000 after purchasing an additional 328 shares during the last quarter. Xponance Inc. increased its holdings in shares of YETI by 2.6% in the fourth quarter. Xponance Inc. now owns 13,250 shares of the company's stock valued at $510,000 after purchasing an additional 340 shares during the last quarter. Assetmark Inc. increased its holdings in shares of YETI by 8.1% in the fourth quarter. Assetmark Inc. now owns 5,853 shares of the company's stock valued at $225,000 after purchasing an additional 438 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its holdings in shares of YETI by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 51,779 shares of the company's stock valued at $1,994,000 after purchasing an additional 497 shares during the last quarter.

Analysts Set New Price Targets

YETI has been the topic of several research reports. Jefferies Financial Group reiterated a "buy" rating and issued a $55.00 price objective on shares of YETI in a report on Monday, May 5th. Raymond James Financial decreased their price objective on shares of YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. UBS Group decreased their price objective on shares of YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Piper Sandler decreased their price objective 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. Finally, KeyCorp upgraded shares of YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $39.40.

YETI Stock Performance

Shares of YETI stock traded down $0.57 on Friday, hitting $32.73. The company's stock had a trading volume of 1,022,573 shares, compared to its average volume of 1,830,633. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 2.58. The stock's 50 day moving average is $30.50 and its 200-day moving average is $33.39. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The company has a market capitalization of $2.71 billion, a PE ratio of 15.73, a PEG ratio of 2.82 and a beta of 1.85.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The firm had revenue of $351.13 million for the quarter, compared to the consensus estimate of $347.72 million. YETI had a net margin of 9.59% and a return on equity of 26.48%. The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. Equities research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal 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.