Van Berkom & Associates Inc. Has $71.23 Million Holdings in YETI Holdings, Inc. (NYSE:YETI)
Van Berkom & Associates Inc. has reduced its stake in YETI Holdings, Inc. by 5.1%, now holding 1,849,671 shares valued at approximately $71.23 million. YETI represents 2.1% of their portfolio. Other institutional investors have also adjusted their holdings, with notable increases from WCM Investment Management and Retirement Systems of Alabama. YETI's stock is currently priced at $36.83, with a market cap of $3.12 billion. Recent earnings showed a miss on EPS estimates, and analysts have varied ratings on the stock, with an average target price of $44.77.
Van Berkom & Associates Inc. decreased its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,849,671 shares of the company's stock after selling 99,082 shares during the quarter. YETI accounts for about 2.1% of Van Berkom & Associates Inc.'s portfolio, making the stock its 27th largest position. Van Berkom & Associates Inc. owned approximately 2.18% of YETI worth $71,231,000 as of its most recent filing with the Securities and Exchange Commission.
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Several other institutional investors also recently modified their holdings of the stock. WCM Investment Management LLC boosted its stake in YETI by 655.4% during the 3rd quarter. WCM Investment Management LLC now owns 508,882 shares of the company's stock worth $20,701,000 after acquiring an additional 441,516 shares during the last quarter. Swedbank AB acquired a new stake in YETI in the fourth quarter worth $7,702,000. Retirement Systems of Alabama boosted its position in shares of 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 purchasing an additional 195,693 shares in the last quarter. Congress Asset Management Co. grew its holdings in shares of YETI by 18.3% in the 3rd quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company's stock valued at $43,929,000 after buying an additional 165,458 shares during the period. Finally, Verition Fund Management LLC increased its position 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 buying an additional 164,404 shares in the last quarter.
YETI Stock Down 0.8 %
NYSE YETI opened at $36.83 on Friday. 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 has a market cap of $3.12 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.05 and a beta of 2.13. The company has a 50 day moving average of $38.26 and a 200-day moving average of $39.13. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $45.25.
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YETI (NYSE:YETI - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, equities research analysts expect that YETI Holdings, Inc. will post 2.59 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
YETI has been the topic of several recent analyst reports. UBS Group reduced their target price on YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Canaccord Genuity Group cut their price objective on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Morgan Stanley decreased their price objective on YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. TD Cowen cut their price target on shares of YETI from $46.00 to $44.00 and set a "hold" rating on the stock in a research note on Monday, November 11th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $44.77.
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View Our Latest Research Report on YETI
YETI Profile
(Free Report)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.
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