Geode Capital Management LLC Has $54.88 Million Position in YETI Holdings, Inc. (NYSE:YETI)

Geode Capital Management LLC cut its stake in YETI Holdings, Inc. (NYSE:YETI) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,424,570 shares of the company’s stock after selling 2,621 shares during the period. Geode Capital Management LLC owned approximately 1.68% of YETI worth $54,877,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in YETI by 16.7% during the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after purchasing an additional 62,619 shares during the period. Truist Financial Corp boosted its position in shares of YETI by 304.2% during the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock worth $1,098,000 after acquiring an additional 21,450 shares in the last quarter. Clearbridge Investments LLC bought a new position in YETI in the fourth quarter valued at approximately $10,767,000. KLP Kapitalforvaltning AS acquired a new position in YETI during the fourth quarter valued at approximately $693,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in YETI by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock worth $29,790,000 after purchasing an additional 39,709 shares during the last quarter.

Analyst Upgrades and Downgrades

YETI has been the topic of several recent analyst reports. Canaccord Genuity Group decreased their price target on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus decreased their target price on YETI from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday. Robert W. Baird dropped their target price on shares of YETI from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Friday. Morgan Stanley decreased their price target on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, KeyCorp dropped their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $44.00.

YETI Stock Up 0.4 %

Shares of NYSE:YETI opened at $29.17 on Monday. The business has a fifty day simple moving average of $34.30 and a 200 day simple moving average of $37.48. YETI Holdings, Inc. has a 12-month low of $26.66 and a 12-month high of $45.25. The firm has a market cap of $2.41 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.05 and a beta of 2.04. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). The company had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. Analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

About YETI

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.