UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 6,226 Shares of YETI Holdings, Inc. (NYSE:YETI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 246,351 shares of the company’s stock after selling 6,226 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.29% of YETI worth $10,108,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in YETI. American Century Companies Inc. lifted its position in YETI by 311.4% during the second 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. Van Berkom & Associates Inc. lifted its position in shares of YETI by 5.8% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,918,642 shares of the company’s stock valued at $73,196,000 after buying an additional 105,859 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of YETI by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after acquiring an additional 179,005 shares during the period. Congress Asset Management Co. increased its holdings in YETI by 18.3% in the 3rd quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock worth $43,929,000 after acquiring an additional 165,458 shares in the last quarter. Finally, Millennium Management LLC raised 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 during the period.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on YETI. Piper Sandler reissued an “overweight” rating and issued a $54.00 price objective (down from $55.00) on shares of YETI in a research note on Friday, November 8th. Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 price target on shares of YETI in a research note on Thursday, November 14th. TD Cowen lowered their price objective on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, November 11th. Finally, Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and decreased their target price for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.46.

YETI Stock Performance

Shares of NYSE:YETI opened at $42.44 on Monday. The firm has a fifty day simple moving average of $39.27 and a two-hundred day simple moving average of $39.50. YETI Holdings, Inc. has a 52 week low of $33.41 and a 52 week high of $54.15. 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 capitalization of $3.60 billion, a P/E ratio of 18.21, a PEG ratio of 1.32 and a beta of 2.15.

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.