Chase Investment Counsel Corp Acquires Shares of 38,000 YETI Holdings, Inc. (NYSE:YETI)

Chase Investment Counsel Corp acquired a new stake in YETI Holdings, Inc. (NYSE:YETI) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 38,000 shares of the company’s stock, valued at approximately $1,463,000.

A number of other hedge funds have also recently bought and sold shares of the company. Central Pacific Bank Trust Division boosted its position in YETI by 6.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock valued at $179,000 after buying an additional 290 shares during the last quarter. Pacer Advisors Inc. boosted its position in YETI by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock valued at $487,000 after buying an additional 332 shares during the last quarter. Blue Trust Inc. boosted its position in YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after buying an additional 333 shares during the last quarter. Covestor Ltd boosted its position in YETI by 13.5% in the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock valued at $118,000 after buying an additional 343 shares during the last quarter. Finally, Peloton Wealth Strategists boosted its position in YETI by 0.4% in the 3rd quarter. Peloton Wealth Strategists now owns 86,275 shares of the company’s stock valued at $3,540,000 after buying an additional 350 shares during the last quarter.

Analyst Ratings Changes

YETI has been the topic of a number of analyst reports. KeyCorp cut their price target on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and cut their price target for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Piper Sandler reissued an “overweight” rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. UBS Group cut their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Morgan Stanley cut their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $44.77.

YETI Stock Performance

YETI opened at $35.65 on Friday. The business’s 50-day moving average price is $37.67 and its two-hundred day moving average price is $39.01. YETI Holdings, Inc. has a 1 year low of $33.41 and a 1 year high of $45.25. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.05 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36.

YETI (NYSE:YETI) last released its quarterly 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 net margin of 9.60% and a return on equity of 28.23%. The firm had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. Equities analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal 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.