WCM Investment Management LLC Boosts Holdings in YETI Holdings, Inc. $YETI

WCM Investment Management LLC lifted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 19.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 563,881 shares of the company’s stock after purchasing an additional 90,158 shares during the period. WCM Investment Management LLC’s holdings in YETI were worth $19,240,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its holdings in YETI by 9.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company’s stock valued at $214,000 after acquiring an additional 569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in YETI by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,837 shares of the company’s stock worth $9,527,000 after buying an additional 14,920 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of YETI by 42.0% during the second quarter. Janney Montgomery Scott LLC now owns 33,733 shares of the company’s stock worth $1,063,000 after buying an additional 9,974 shares during the period. Valeo Financial Advisors LLC purchased a new position in YETI in the 2nd quarter valued at $1,113,000. Finally, KLP Kapitalforvaltning AS raised its stake in shares of YETI by 9.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 19,700 shares of the company’s stock worth $621,000 after buying an additional 1,700 shares in the last quarter.

Analyst Ratings Changes

YETI has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of YETI in a research note on Wednesday, January 21st. William Blair reaffirmed an “outperform” rating on shares of YETI in a report on Tuesday, November 11th. UBS Group upped their price target on YETI from $38.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Morgan Stanley set a $48.00 target price on shares of YETI in a research note on Friday, January 16th. Finally, KeyCorp raised shares of YETI from a “sector weight” rating to an “overweight” rating and set a $57.00 target price for the company in a research note on Friday, January 16th. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $44.42.

Insider Buying and Selling

In related news, SVP Bryan C. Barksdale sold 9,756 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $45.32, for a total value of $442,141.92. Following the completion of the sale, the senior vice president directly owned 56,397 shares in the company, valued at approximately $2,555,912.04. This trade represents a 14.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.08% of the stock is currently owned by corporate insiders.

YETI Stock Up 1.4%

Shares of NYSE YETI opened at $46.37 on Tuesday. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.52 and a beta of 1.77. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $51.29. The firm’s 50-day simple moving average is $45.56 and its 200 day simple moving average is $38.92.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. YETI had a return on equity of 23.62% and a net margin of 8.75%.The company had revenue of $487.77 million for the quarter, compared to analyst estimates of $480.08 million. During the same quarter last year, the firm posted $0.71 earnings per share. YETI’s revenue was up 1.9% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

About YETI

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.