YETI Holdings, Inc. (NYSE:YETI) Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in YETI Holdings, Inc. (NYSE:YETI) by 16.7% during the third quarter, HoldingsChannel reports. The firm owned 436,810 shares of the company’s stock after acquiring an additional 62,619 shares during the period. JPMorgan Chase & Co.’s holdings in YETI were worth $17,922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of YETI. V Square Quantitative Management LLC purchased a new position in shares of YETI in the third quarter worth approximately $26,000. Blue Trust Inc. boosted its stake in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after purchasing an additional 630 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in YETI during the 3rd quarter worth approximately $38,000. Ashton Thomas Private Wealth LLC acquired a new stake in YETI during the 2nd quarter valued at $42,000. Finally, GAMMA Investing LLC lifted its holdings in shares of YETI by 52.9% in the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after purchasing an additional 423 shares in the last quarter.

YETI Stock Down 0.9 %

YETI stock opened at $37.53 on Friday. The company has a market capitalization of $3.18 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.37 and a beta of 2.14. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $49.01. The firm’s fifty day simple moving average is $39.81 and its 200-day simple moving average is $39.39. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

YETI has been the topic of a number of research analyst reports. Bank of America downgraded 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. TD Cowen dropped their target price on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 price target on shares of YETI in a research report on Thursday, November 14th. KeyCorp lowered their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $54.00 target price (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $44.83.

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.