Principal Securities Inc. Grows Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Principal Securities Inc. grew its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 305.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,421 shares of the company’s stock after acquiring an additional 4,084 shares during the period. Principal Securities Inc.’s holdings in YETI were worth $209,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on YETI. Morgan Stanley dropped their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Stifel Nicolaus cut their price target on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Bank of America cut shares of YETI from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. TD Cowen cut their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. Finally, UBS Group lowered their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. 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, the stock has an average rating of “Hold” and a consensus target price of $44.77.

YETI Price Performance

Shares of NYSE:YETI opened at $37.12 on Tuesday. The company has a market capitalization of $3.15 billion, a PE ratio of 18.02, a PEG ratio of 1.05 and a beta of 2.14. The business has a fifty day moving average price of $37.99 and a 200-day moving average price of $39.10. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. As a group, equities analysts expect 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.