WCM Investment Management LLC Has $19.05 Million Position in YETI Holdings, Inc. (NYSE:YETI)

WCM Investment Management LLC lessened its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 492,931 shares of the company’s stock after selling 15,951 shares during the quarter. WCM Investment Management LLC’s holdings in YETI were worth $19,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. V Square Quantitative Management LLC bought a new stake in shares of YETI during the third quarter worth approximately $26,000. Blue Trust Inc. boosted its stake in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after purchasing an additional 630 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in YETI in the 3rd quarter valued at $38,000. GAMMA Investing LLC increased its position in YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after buying an additional 423 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of YETI by 48.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock worth $63,000 after buying an additional 500 shares in the last quarter.

YETI Price Performance

Shares of NYSE:YETI opened at $36.33 on Friday. 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 $3.08 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.06 and a beta of 2.13. The firm has a 50 day simple moving average of $39.22 and a 200 day simple moving average of $39.25. YETI Holdings, Inc. has a one year low of $33.41 and a one year high of $49.01.

Analyst Ratings Changes

YETI has been the topic of several research reports. TD Cowen decreased their price target on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 target price on shares of YETI in a report on Thursday, November 14th. Piper Sandler reiterated an “overweight” rating and issued a $54.00 price target (down from $55.00) on shares of YETI in a research report on Friday, November 8th. UBS Group lowered their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and cut their target price for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $44.69.

YETI Company 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.