Chatham Capital Group Inc. Purchases 4,935 Shares of YETI Holdings, Inc. (NYSE:YETI)

Chatham Capital Group Inc. lifted its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 11.2% in the 1st quarter, Holdings Channel reports. The fund owned 48,959 shares of the company’s stock after buying an additional 4,935 shares during the quarter. Chatham Capital Group Inc.’s holdings in YETI were worth $1,887,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Baillie Gifford & Co. boosted its stake 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 purchasing an additional 3,260,704 shares during the period. Norges Bank bought a new position in YETI in the 4th quarter worth about $46,686,000. Franklin Resources Inc. boosted its stake in YETI by 18.7% in the 4th quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock worth $207,090,000 after purchasing an additional 629,287 shares during the period. Victory Capital Management Inc. raised its holdings in shares of YETI by 31.5% in the 4th quarter. Victory Capital Management Inc. now owns 783,334 shares of the company’s stock valued at $40,561,000 after acquiring an additional 187,720 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of YETI by 23.8% in the 4th quarter. Principal Financial Group Inc. now owns 944,629 shares of the company’s stock valued at $48,913,000 after acquiring an additional 181,636 shares in the last quarter.

YETI Trading Down 3.0 %

Shares of YETI stock traded down $1.16 during trading hours on Friday, reaching $38.15. The company’s stock had a trading volume of 3,604,072 shares, compared to its average volume of 1,269,072. The stock has a market capitalization of $3.25 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.15 and a beta of 2.19. YETI Holdings, Inc. has a one year low of $33.88 and a one year high of $54.15. The firm’s fifty day simple moving average is $39.21 and its 200 day simple moving average is $41.70. 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 (NYSE:YETI) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. YETI had a return on equity of 28.81% and a net margin of 10.32%. The company had revenue of $341.39 million for the quarter, compared to analyst estimates of $333.79 million. Equities research analysts expect that YETI Holdings, Inc. will post 2.35 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on YETI. Morgan Stanley raised their price target on YETI from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Raymond James raised their price target on YETI from $48.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Canaccord Genuity Group raised their price target on YETI from $40.00 to $42.00 and gave the company a “hold” rating in a report on Friday, May 10th. Piper Sandler reissued an “overweight” rating and set a $54.00 price objective (up from $52.00) on shares of YETI in a report on Friday, May 10th. Finally, Roth Mkm decreased their price objective on YETI from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.80.

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.