Chevy Chase Trust Holdings LLC Raises Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Chevy Chase Trust Holdings LLC boosted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 111.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 194,030 shares of the company’s stock after acquiring an additional 102,288 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in YETI were worth $7,961,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of YETI by 311.4% during the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after purchasing an additional 1,488,994 shares during the period. 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 worth $73,196,000 after buying an additional 105,859 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of YETI by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after buying an additional 179,005 shares in the last quarter. Congress Asset Management Co. raised its holdings in shares of YETI by 18.3% in the 3rd quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock valued at $43,929,000 after buying an additional 165,458 shares during the period. Finally, Millennium Management LLC lifted its stake in YETI by 54.8% during the 2nd quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock worth $31,183,000 after acquiring an additional 289,298 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on YETI shares. Piper Sandler reiterated an “overweight” rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research note on Friday, November 8th. TD Cowen reduced their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Roth Mkm boosted their price target on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Bank of America cut YETI from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Finally, KeyCorp boosted their target price on YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, YETI has a consensus rating of “Hold” and an average price target of $45.46.

YETI Price Performance

YETI stock opened at $41.61 on Friday. The business has a 50 day moving average price of $39.21 and a 200 day moving average price of $39.46. 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 stock has a market cap of $3.53 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 1.28 and a beta of 2.15. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $54.15.

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.