Choreo LLC Purchases 10,506 Shares of YETI Holdings, Inc. (NYSE:YETI)

Choreo LLC raised its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 70.6% during the fourth quarter, HoldingsChannel reports. The firm owned 25,381 shares of the company’s stock after purchasing an additional 10,506 shares during the period. Choreo LLC’s holdings in YETI were worth $981,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. WCM Investment Management LLC increased its holdings in 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 buying an additional 441,516 shares during the period. Swedbank AB purchased a new position in shares of YETI in the 4th quarter valued at $7,702,000. Retirement Systems of Alabama raised its position in shares of YETI by 190.3% in the 4th quarter. Retirement Systems of Alabama now owns 298,526 shares of the company’s stock worth $11,496,000 after acquiring an additional 195,693 shares in the last quarter. Congress Asset Management Co. lifted its stake in shares of YETI by 18.3% during the 3rd quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock worth $43,929,000 after purchasing an additional 165,458 shares during the last quarter. Finally, Verition Fund Management LLC boosted its position in 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.

YETI Trading Down 2.8 %

Shares of NYSE:YETI opened at $36.33 on Monday. The business has a 50-day moving average price of $39.22 and a 200-day moving average price of $39.27. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 15.59, a PEG 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 has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

A number of brokerages have commented on YETI. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. Canaccord Genuity Group reissued a “hold” rating and set a $44.00 target price on shares of YETI in a research report on Thursday, November 14th. UBS Group lowered their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Piper Sandler reiterated an “overweight” rating and set a $54.00 price objective (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Finally, TD Cowen dropped their target price on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, YETI currently has a consensus rating of “Hold” and an average target price of $44.69.

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.