Intech Investment Management LLC Purchases New Position in YETI Holdings, Inc. (NYSE:YETI)

Intech Investment Management LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 34,478 shares of the company’s stock, valued at approximately $1,415,000.

Several other large investors have also recently added to or reduced their stakes in YETI. American Century Companies Inc. increased its holdings 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 purchasing an additional 1,488,994 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of YETI during the second quarter valued at about $23,166,000. WCM Investment Management LLC grew its stake in shares of YETI by 655.4% during the third quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock valued at $20,701,000 after acquiring an additional 441,516 shares in the last quarter. Millennium Management LLC grew its stake 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 acquiring an additional 289,298 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of YETI by 76.2% during the second quarter. Marshall Wace LLP now owns 607,551 shares of the company’s stock valued at $23,178,000 after acquiring an additional 262,829 shares in the last quarter.

YETI Stock Performance

Shares of NYSE YETI opened at $40.52 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $38.98 and its two-hundred day moving average price is $39.43. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $54.15. The stock has a market capitalization of $3.44 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.14 and a beta of 2.12.

Wall Street Analysts Forecast Growth

YETI has been the subject of several recent analyst reports. B. Riley raised their target price on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Citigroup lowered their target price on YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, Roth Mkm increased their price target on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.46.

YETI Company 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.