Charles Schwab Investment Management Inc. Increases Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Charles Schwab Investment Management Inc. grew its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 929,533 shares of the company's stock after purchasing an additional 35,277 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.07% of YETI worth $48,131,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in YETI. Baillie Gifford & Co. increased its holdings in YETI by 53.0% in the 4th quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company's stock worth $487,583,000 after acquiring an additional 3,260,704 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in YETI by 97.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,517,821 shares of the company's stock worth $73,189,000 after acquiring an additional 748,671 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in YETI by 585.0% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 661,040 shares of the company's stock worth $31,875,000 after acquiring an additional 564,540 shares during the last quarter. Victory Capital Management Inc. increased its holdings in YETI by 196.5% in the 3rd quarter. Victory Capital Management Inc. now owns 595,614 shares of the company's stock worth $28,721,000 after acquiring an additional 394,744 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in YETI in the 3rd quarter worth about $14,347,000.

YETI Price Performance

Shares of YETI stock traded down $1.10 during trading hours on Friday, hitting $39.50. 1,867,352 shares of the company's stock were exchanged, compared to its average volume of 2,198,064. The company has a market capitalization of $3.37 billion, a PE ratio of 19.65, a PEG ratio of 1.58 and a beta of 2.26. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.12. YETI Holdings, Inc. has a 12-month low of $33.88 and a 12-month high of $54.15. The business's 50 day simple moving average is $37.57 and its 200-day simple moving average is $42.23.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.06). The business had revenue of $519.79 million for the quarter, compared to analysts' expectations of $535.99 million. YETI had a net margin of 10.32% and a return on equity of 28.81%. The business's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. On average, equities research analysts anticipate that YETI Holdings, Inc. will post 2.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on YETI. Morgan Stanley lifted their price objective on YETI from $39.00 to $41.00 and gave the stock an "equal weight" rating in a report on Friday, May 10th. Raymond James raised their target price on YETI from $48.00 to $49.00 and gave the stock an "outperform" rating in a research note on Friday, May 10th. B. Riley reduced their price objective on shares of YETI from $42.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, April 25th. Piper Sandler reiterated an "overweight" rating and issued a $54.00 target price (up from $52.00) on shares of YETI in a research note on Friday, May 10th. Finally, William Blair reaffirmed an "outperform" rating on shares of YETI in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $46.80.

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.