Franklin Resources Inc. Invests $626,000 in YETI Holdings, Inc. (NYSE:YETI)

Franklin Resources Inc. purchased a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,262 shares of the company's stock, valued at approximately $626,000.

A number of other hedge funds also recently made changes to their positions in YETI. V Square Quantitative Management LLC bought a new position in YETI in the 3rd quarter valued at about $26,000. Blue Trust Inc. boosted its holdings in shares of YETI by 265.8% in 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of YETI during the third quarter valued at approximately $38,000. Ashton Thomas Private Wealth LLC acquired a new stake in YETI in the second quarter worth approximately $42,000. Finally, GAMMA Investing LLC lifted its position in YETI by 52.9% in the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company's stock worth $50,000 after purchasing an additional 423 shares during the period.

YETI Trading Down 0.3 %

YETI stock traded down $0.13 during midday trading on Tuesday, reaching $38.51. The stock had a trading volume of 1,287,345 shares, compared to its average volume of 1,602,967. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $51.24. 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 cap of $3.27 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 1.37 and a beta of 2.15. The firm's fifty day simple moving average is $39.47 and its two-hundred day simple moving average is $39.53.

Wall Street Analyst Weigh In

A number of analysts have recently commented on YETI shares. Canaccord Genuity Group reissued a "hold" rating and issued a $44.00 price objective on shares of YETI in a research note on Thursday, November 14th. Piper Sandler reaffirmed an "overweight" rating and set a $54.00 target price (down from $55.00) on shares of YETI in a report on Friday, November 8th. Bank of America downgraded shares of YETI from a "buy" rating to a "neutral" rating and cut their price target for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. Finally, TD Cowen lowered their price objective on shares of 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 company's stock. Based on data from MarketBeat, YETI currently has a consensus rating of "Hold" and an average price target of $45.46.

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.