Peloton Wealth Strategists Has $5.91 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Peloton Wealth Strategists trimmed its holdings in YETI Holdings, Inc. (NYSE:YETIGet Rating) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,320 shares of the company’s stock after selling 1,525 shares during the quarter. YETI comprises about 2.4% of Peloton Wealth Strategists’ investment portfolio, making the stock its 10th biggest holding. Peloton Wealth Strategists owned about 0.08% of YETI worth $5,907,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its stake in shares of YETI by 10.6% in the 3rd quarter. BlackRock Inc. now owns 7,375,600 shares of the company’s stock worth $632,014,000 after acquiring an additional 704,004 shares in the last quarter. American Century Companies Inc. grew its position in YETI by 2,552.7% during the 4th quarter. American Century Companies Inc. now owns 2,013,391 shares of the company’s stock valued at $166,769,000 after purchasing an additional 1,937,491 shares during the last quarter. abrdn plc grew its position in YETI by 33.3% during the 4th quarter. abrdn plc now owns 1,390,980 shares of the company’s stock valued at $115,215,000 after purchasing an additional 347,719 shares during the last quarter. Geode Capital Management LLC grew its position in YETI by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,176,522 shares of the company’s stock valued at $100,816,000 after purchasing an additional 100,081 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in YETI by 45.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,174,750 shares of the company’s stock valued at $97,304,000 after purchasing an additional 365,541 shares during the last quarter. Institutional investors own 96.33% of the company’s stock.

Several brokerages recently commented on YETI. Morgan Stanley cut their price objective on shares of YETI from $64.00 to $60.00 in a research report on Thursday. Berenberg Bank raised shares of YETI from a “hold” rating to a “buy” rating and dropped their price target for the company from $103.00 to $92.00 in a report on Thursday, April 7th. Roth Capital dropped their price target on shares of YETI from $80.00 to $48.00 in a report on Thursday. Piper Sandler dropped their price target on shares of YETI from $124.00 to $89.00 in a report on Wednesday, February 16th. Finally, Citigroup dropped their price target on shares of YETI from $83.00 to $65.00 in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $88.24.

YETI stock traded up $2.62 during trading hours on Friday, reaching $47.92. The stock had a trading volume of 1,390,708 shares, compared to its average volume of 1,478,586. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.02 and a beta of 2.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.82 and a quick ratio of 1.12. The business’s 50 day moving average price is $55.21 and its 200-day moving average price is $71.15. YETI Holdings, Inc. has a 52 week low of $42.09 and a 52 week high of $108.82.

YETI (NYSE:YETIGet Rating) last announced its earnings results on Wednesday, May 11th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. YETI had a net margin of 14.26% and a return on equity of 47.22%. During the same period in the prior year, the firm earned $0.35 earnings per share. On average, sell-side analysts forecast that YETI Holdings, Inc. will post 2.68 EPS for the current fiscal year.

About YETI (Get Rating)

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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