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

WCM Investment Management LLC lowered its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 492,931 shares of the company’s stock after selling 15,951 shares during the period. WCM Investment Management LLC owned approximately 0.58% of YETI worth $19,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Empowered Funds LLC bought a new position in YETI during the 4th quarter worth approximately $357,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of YETI during the fourth quarter worth $335,000. Choreo LLC grew its holdings in shares of YETI by 70.6% in the 4th quarter. Choreo LLC now owns 25,381 shares of the company’s stock valued at $981,000 after buying an additional 10,506 shares during the period. Retirement Systems of Alabama increased its position in shares of YETI by 190.3% in the 4th quarter. Retirement Systems of Alabama now owns 298,526 shares of the company’s stock valued at $11,496,000 after buying an additional 195,693 shares in the last quarter. Finally, Chicago Capital LLC acquired a new stake in YETI during the 4th quarter worth $412,000.

YETI Price Performance

NYSE:YETI opened at $36.33 on Friday. The stock’s 50-day simple moving average is $39.22 and its 200 day simple moving average is $39.25. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $49.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The company has a market cap of $3.08 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.06 and a beta of 2.13.

Analysts Set New Price Targets

YETI has been the subject of several recent analyst reports. UBS Group lowered their price target on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and set a $54.00 target price (down from $55.00) on shares of YETI in a research note on Friday, November 8th. TD Cowen reduced their price target on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. KeyCorp dropped their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, Bank of America lowered shares of YETI from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.69.

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.