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

Chase Investment Counsel Corp bought a new stake in YETI Holdings, Inc. (NYSE:YETI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,000 shares of the company’s stock, valued at approximately $1,463,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of YETI. Geode Capital Management LLC boosted its stake in shares of YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock worth $58,573,000 after acquiring an additional 7,382 shares in the last quarter. Congress Asset Management Co. boosted its stake in shares of YETI by 5.6% during the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company’s stock worth $43,557,000 after acquiring an additional 60,407 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of YETI by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company’s stock worth $31,994,000 after acquiring an additional 5,987 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of YETI by 7.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock worth $33,242,000 after acquiring an additional 53,023 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of YETI by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company’s stock worth $31,353,000 after acquiring an additional 156,926 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on YETI shares. Morgan Stanley decreased their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Bank of America cut YETI from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. UBS Group cut their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. KeyCorp cut their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Finally, TD Cowen cut their price objective on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $44.77.

YETI Trading Up 0.1 %

Shares of YETI opened at $35.65 on Friday. YETI Holdings, Inc. has a 1 year low of $33.41 and a 1 year high of $45.25. 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 stock has a 50 day simple moving average of $37.67 and a 200-day simple moving average of $39.01. The stock has a market cap of $2.94 billion, a PE ratio of 17.30, a PEG ratio of 1.05 and a beta of 2.13.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). The business had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. On average, sell-side analysts predict 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.