Schwartz Investment Counsel Inc. Lowers Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Schwartz Investment Counsel Inc. cut its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,350 shares of the company’s stock after selling 41,800 shares during the period. Schwartz Investment Counsel Inc.’s holdings in YETI were worth $12,337,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. raised its position in YETI by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock valued at $17,922,000 after purchasing an additional 62,619 shares in the last quarter. Algert Global LLC increased its stake in shares of YETI by 443.0% during the third quarter. Algert Global LLC now owns 47,550 shares of the company’s stock worth $1,951,000 after buying an additional 38,793 shares during the period. International Assets Investment Management LLC lifted its stake in YETI by 26,657.7% in the third quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock worth $1,790,000 after acquiring an additional 43,452 shares during the last quarter. Qsemble Capital Management LP raised its holdings in shares of YETI by 320.3% in the 3rd quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock valued at $1,090,000 after purchasing an additional 20,253 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of YETI during the 3rd quarter worth $1,415,000.

YETI Trading Up 4.7 %

NYSE:YETI opened at $37.83 on Wednesday. YETI Holdings, Inc. has a 1 year low of $33.41 and a 1 year high of $49.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The stock has a fifty day moving average price of $39.05 and a two-hundred day moving average price of $39.25. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.06 and a beta of 2.13.

Analysts Set New Price Targets

A number of research firms have recently commented on YETI. Piper Sandler reiterated an “overweight” rating and issued a $54.00 price objective (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. UBS Group cut their price target on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Bank of America cut YETI from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group reissued a “hold” rating and set a $44.00 price objective on shares of YETI in a research report on Thursday, November 14th. Finally, TD Cowen lowered their price target on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, YETI currently has an average rating of “Hold” and an average target price of $44.69.

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.