YETI Holdings, Inc. (NYSE:YETI) Stock Position Increased by Retirement Systems of Alabama

Retirement Systems of Alabama grew its position in YETI Holdings, Inc. (NYSE:YETI) by 190.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 298,526 shares of the company’s stock after purchasing an additional 195,693 shares during the period. Retirement Systems of Alabama owned approximately 0.35% of YETI worth $11,496,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. WCM Investment Management LLC grew its holdings in YETI by 655.4% in the 3rd quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock worth $20,701,000 after buying an additional 441,516 shares in the last quarter. Swedbank AB bought a new position in shares of YETI in the fourth quarter worth $7,702,000. Congress Asset Management Co. increased its holdings in shares of YETI by 18.3% during the third quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock valued at $43,929,000 after purchasing an additional 165,458 shares during the period. Verition Fund Management LLC raised its stake in shares of YETI by 855.1% during the third quarter. Verition Fund Management LLC now owns 183,630 shares of the company’s stock valued at $7,534,000 after purchasing an additional 164,404 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in YETI by 25.8% in the third quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company’s stock worth $31,353,000 after purchasing an additional 156,926 shares during the period.

YETI Stock Down 2.8 %

YETI stock opened at $36.33 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. The firm has a market capitalization of $3.08 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.06 and a beta of 2.13. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $49.01. The company’s 50 day simple moving average is $39.22 and its 200-day simple moving average is $39.24.

Analyst Ratings Changes

Several research firms have commented on YETI. Canaccord Genuity Group reissued a “hold” rating and set a $44.00 target price on shares of YETI in a research note on Thursday, November 14th. 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. KeyCorp cut their target price on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Piper Sandler reiterated an “overweight” rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, Bank of America lowered YETI from a “buy” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $44.69.

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.