WCM Investment Management LLC Acquires 90,158 Shares of YETI Holdings, Inc. $YETI

WCM Investment Management LLC boosted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 19.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 563,881 shares of the company’s stock after buying an additional 90,158 shares during the quarter. WCM Investment Management LLC owned approximately 0.69% of YETI worth $19,240,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of YETI. Reinhart Partners LLC. increased its position in shares of YETI by 24.2% during the third quarter. Reinhart Partners LLC. now owns 2,661,920 shares of the company’s stock valued at $88,323,000 after buying an additional 519,102 shares during the period. Level Four Advisory Services LLC increased its position in shares of YETI by 26.6% in the second quarter. Level Four Advisory Services LLC now owns 50,302 shares of the company’s stock worth $1,586,000 after purchasing an additional 10,577 shares during the last quarter. Cardinal Capital Management bought a new stake in YETI during the third quarter valued at approximately $1,077,000. Sequoia Financial Advisors LLC purchased a new position in YETI in the second quarter worth $253,000. Finally, Lecap Asset Management Ltd. purchased a new position in shares of YETI in the 3rd quarter worth about $744,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on YETI shares. Canaccord Genuity Group lifted their target price on shares of YETI from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. William Blair reaffirmed an “outperform” rating on shares of YETI in a research report on Tuesday, November 11th. KeyCorp upgraded YETI from a “sector weight” rating to an “overweight” rating and set a $57.00 price target on the stock in a research note on Friday, January 16th. Morgan Stanley set a $48.00 price objective on shares of YETI in a research report on Friday, January 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of YETI in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.42.

Insiders Place Their Bets

In other news, SVP Bryan C. Barksdale sold 9,756 shares of YETI stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $45.32, for a total value of $442,141.92. Following the transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by company insiders.

YETI Stock Up 1.4%

YETI opened at $46.37 on Tuesday. The company has a market capitalization of $3.61 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.52 and a beta of 1.77. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $51.29. The firm has a 50-day simple moving average of $45.56 and a two-hundred day simple moving average of $38.92. 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 (NYSE:YETI) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $487.77 million for the quarter, compared to the consensus estimate of $480.08 million. During the same period in the prior year, the business posted $0.71 earnings per share. The company’s quarterly 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. Analysts forecast 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.