Fmr LLC Grows Position in YETI Holdings, Inc. (NYSE:YETI)

Fmr LLC increased its holdings in YETI Holdings, Inc. (NYSE:YETI) by 56.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,037 shares of the company’s stock after acquiring an additional 4,329 shares during the quarter. Fmr LLC’s holdings in YETI were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. lifted its position in YETI by 311.4% in the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock valued at $75,049,000 after acquiring an additional 1,488,994 shares in the last quarter. Van Berkom & Associates Inc. boosted its position in shares of YETI by 5.8% during the second quarter. Van Berkom & Associates Inc. now owns 1,918,642 shares of the company’s stock valued at $73,196,000 after buying an additional 105,859 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in YETI by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock worth $56,351,000 after buying an additional 179,005 shares in the last quarter. Congress Asset Management Co. grew its stake in shares of YETI by 18.3% in the third quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock worth $43,929,000 after acquiring an additional 165,458 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of YETI by 54.8% during the second quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock valued at $31,183,000 after purchasing an additional 289,298 shares during the last quarter.

YETI Stock Performance

NYSE YETI opened at $40.77 on Thursday. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $54.15. The business has a 50-day moving average price of $39.63 and a 200-day moving average price of $39.74. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.37 and a beta of 2.15.

Analyst Ratings Changes

YETI has been the topic of several research analyst reports. Bank of America cut YETI from a “buy” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 price target on shares of YETI in a research report on Thursday, November 14th. Piper Sandler restated an “overweight” rating and set a $54.00 target price (down from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, TD Cowen dropped their price target on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.46.

About YETI

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.