YETI Holdings, Inc. (NYSE:YETI) Shares Purchased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC boosted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 7.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 810,182 shares of the company’s stock after acquiring an additional 53,023 shares during the period. Lord Abbett & CO. LLC owned about 0.96% of YETI worth $33,242,000 at the end of the most recent quarter.

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

YETI Stock Performance

Shares of NYSE YETI opened at $44.19 on Friday. The stock has a fifty day simple moving average of $39.60 and a 200-day simple moving average of $39.69. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $54.15. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.75 billion, a PE ratio of 18.97, a PEG ratio of 1.37 and a beta of 2.15.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on YETI. Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 target price on shares of YETI in a research report on Thursday, November 14th. TD Cowen lowered 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. Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. Finally, Piper Sandler restated an “overweight” rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.