YETI Holdings, Inc. (NYSE:YETI) Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 16.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 436,810 shares of the company’s stock after purchasing an additional 62,619 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.51% of YETI worth $17,922,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Piper Sandler restated an “overweight” rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. TD Cowen cut 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. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 price target on shares of YETI in a research note on Thursday, November 14th. Bank of America cut shares of 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 research note on Wednesday, November 6th. Finally, KeyCorp decreased their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, YETI has an average rating of “Hold” and a consensus target price of $44.83.

YETI Stock Down 0.9 %

NYSE YETI opened at $37.53 on Friday. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $49.01. The company has a market capitalization of $3.18 billion, a P/E ratio of 16.11, a PEG ratio of 1.37 and a beta of 2.14. The company’s 50 day simple moving average is $39.81 and its 200 day simple moving average is $39.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45.

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.