YETI Holdings, Inc. (NYSE:YETI) Shares Sold by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co lessened its holdings in YETI Holdings, Inc. (NYSE:YETI) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,965 shares of the company’s stock after selling 1,000 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in YETI were worth $1,115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of YETI by 16.7% during the 3rd 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. Algert Global LLC grew its stake in shares of YETI by 443.0% during the 3rd quarter. Algert Global LLC now owns 47,550 shares of the company’s stock worth $1,951,000 after purchasing an additional 38,793 shares during the period. International Assets Investment Management LLC grew its stake in shares of YETI by 26,657.7% during the 3rd quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock worth $1,790,000 after purchasing an additional 43,452 shares during the period. Qsemble Capital Management LP grew its stake in shares of YETI by 320.3% during the 3rd quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock worth $1,090,000 after purchasing an additional 20,253 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of YETI during the 3rd quarter worth approximately $1,415,000.

YETI Trading Down 0.2 %

Shares of YETI stock opened at $36.83 on Friday. The stock’s fifty day moving average is $38.11 and its two-hundred day moving average is $39.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The firm has a market capitalization of $3.12 billion, a P/E ratio of 17.88, a PEG ratio of 1.05 and a beta of 2.13. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $45.25.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on YETI. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price objective (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. UBS Group decreased their target price on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. TD Cowen decreased their target price on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, November 11th. Canaccord Genuity Group decreased their target price on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, KeyCorp decreased their target price on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, YETI has an average rating of “Hold” and an average price target of $44.77.

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.