Polen Capital Management LLC increased its position in YETI Holdings, Inc. (NYSE:YETI – Get Rating) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,542 shares of the company's stock after buying an additional 22,514 shares during the period. Polen Capital Management LLC's holdings in YETI were worth $8,030,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of YETI by 1.2% in the 1st quarter. BlackRock Inc. now owns 7,372,620 shares of the company's stock valued at $442,208,000 after buying an additional 90,088 shares during the period. Capital World Investors boosted its stake in YETI by 23.4% during the 1st quarter. Capital World Investors now owns 7,266,836 shares of the company's stock valued at $435,865,000 after purchasing an additional 1,376,536 shares during the last quarter. Wellington Management Group LLP boosted its stake in YETI by 6.7% during the 1st quarter. Wellington Management Group LLP now owns 4,613,072 shares of the company's stock valued at $276,692,000 after purchasing an additional 289,335 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in YETI by 12.5% during the 1st quarter. Wasatch Advisors Inc. now owns 3,908,872 shares of the company's stock valued at $234,454,000 after purchasing an additional 434,669 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in YETI by 5.0% during the 1st quarter. Capital Research Global Investors now owns 3,793,851 shares of the company's stock valued at $227,555,000 after purchasing an additional 181,063 shares during the last quarter. 94.24% of the stock is currently owned by institutional investors and hedge funds.
Get YETI alerts:YETI Stock Performance
Shares of NYSE:YETI traded up $0.34 during mid-day trading on Monday, reaching $43.27. The company had a trading volume of 121,959 shares, compared to its average volume of 1,220,861. The company has a current ratio of 2.34, a quick ratio of 0.74 and a debt-to-equity ratio of 0.14. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.09 and a beta of 2.51. The company's 50-day moving average price is $42.81 and its 200-day moving average price is $39.83. YETI Holdings, Inc. has a one year low of $27.86 and a one year high of $70.57.
YETI (NYSE:YETI – Get Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.04. The company had revenue of $433.56 million for the quarter, compared to analysts' expectations of $417.76 million. YETI had a net margin of 11.97% and a return on equity of 40.06%. As a group, equities research analysts anticipate that YETI Holdings, Inc. will post 2.21 EPS for the current fiscal year.Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on YETI shares. Cowen downgraded YETI from an "outperform" rating to a "market perform" rating and set a $47.00 price target for the company. in a research note on Wednesday, January 18th. Piper Sandler lifted their price target on YETI from $48.00 to $57.00 and gave the company an "overweight" rating in a research note on Friday, November 11th. Raymond James lifted their price target on YETI from $54.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, November 11th. UBS Group cut their price target on YETI to $45.00 in a research note on Wednesday, November 16th. Finally, Credit Suisse Group lifted their price target on YETI to $62.00 in a research note on Wednesday, November 16th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.67.
About YETI
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YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.
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