Point72 Asset Management L.P. Has $31.35 Million Stake in YETI Holdings, Inc. (NYSE:YETI)

Point72 Asset Management L.P. raised its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 25.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 764,150 shares of the company's stock after acquiring an additional 156,926 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.90% of YETI worth $31,353,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in YETI. NFJ Investment Group LLC raised its position in YETI by 15.2% during the third quarter. NFJ Investment Group LLC now owns 43,691 shares of the company's stock valued at $1,793,000 after acquiring an additional 5,769 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of YETI by 4.0% during the third quarter. Janus Henderson Group PLC now owns 78,808 shares of the company's stock worth $3,234,000 after buying an additional 3,039 shares in the last quarter. Centiva Capital LP lifted its stake in YETI by 342.0% in the 3rd quarter. Centiva Capital LP now owns 65,575 shares of the company's stock worth $2,691,000 after purchasing an additional 50,739 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its stake in YETI by 111.5% during the third quarter. Chevy Chase Trust Holdings LLC now owns 194,030 shares of the company's stock worth $7,961,000 after buying an additional 102,288 shares during the last quarter. Finally, Atom Investors LP purchased a new stake in shares of YETI in the third quarter valued at about $240,000.

Wall Street Analyst Weigh In

YETI has been the subject of a number of research analyst reports. Roth Mkm increased their price objective on shares of YETI from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, August 9th. KeyCorp upped their price objective on YETI from $36.00 to $38.00 and gave the stock an "underweight" rating in a research report on Friday, August 9th. Bank of America downgraded shares of YETI from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. 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 report on Monday, November 11th. Finally, B. Riley lifted their price objective on shares of YETI from $38.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $45.46.

YETI Stock Up 2.0 %

YETI traded up $0.84 during trading on Friday, reaching $42.45. The company had a trading volume of 923,245 shares, compared to its average volume of 1,618,066. The business's fifty day moving average price is $39.23 and its 200 day moving average price is $39.47. The company has a market cap of $3.60 billion, a P/E ratio of 17.86, a PEG ratio of 1.32 and a beta of 2.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $54.15.

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.