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

Schwartz Investment Counsel Inc. trimmed its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 320,350 shares of the company’s stock after selling 41,800 shares during the quarter. Schwartz Investment Counsel Inc. owned approximately 0.38% of YETI worth $12,337,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. WCM Investment Management LLC grew its holdings in YETI by 655.4% in the third quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock worth $20,701,000 after purchasing an additional 441,516 shares during the last quarter. Swedbank AB acquired a new position in shares of YETI during the fourth quarter valued at about $7,702,000. Retirement Systems of Alabama raised its position in shares of YETI by 190.3% in the 4th quarter. Retirement Systems of Alabama now owns 298,526 shares of the company’s stock valued at $11,496,000 after purchasing an additional 195,693 shares during the last quarter. Congress Asset Management Co. grew its position in YETI by 18.3% during the 3rd quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock worth $43,929,000 after purchasing an additional 165,458 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in YETI by 855.1% during the 3rd quarter. Verition Fund Management LLC now owns 183,630 shares of the company’s stock valued at $7,534,000 after purchasing an additional 164,404 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on YETI. KeyCorp dropped their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. UBS Group cut their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. Piper Sandler reissued an “overweight” rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, TD Cowen decreased their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. One equities 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. Based on data from MarketBeat, YETI has an average rating of “Hold” and a consensus price target of $44.69.

YETI Trading Up 4.7 %

Shares of YETI stock 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 stock has a 50 day simple moving average of $39.05 and a 200-day simple moving average of $39.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.06 and a beta of 2.13.

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.