Principal Financial Group Inc. Has $13.36 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Principal Financial Group Inc. lessened its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 25.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 325,522 shares of the company's stock after selling 109,376 shares during the period. Principal Financial Group Inc. owned 0.38% of YETI worth $13,356,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. American Century Companies Inc. increased its stake in shares of 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 acquiring an additional 1,488,994 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of YETI in the 2nd quarter worth $23,166,000. Millennium Management LLC lifted its holdings in shares of YETI by 54.8% in the second quarter. Millennium Management LLC now owns 817,366 shares of the company's stock valued at $31,183,000 after buying an additional 289,298 shares during the period. Marshall Wace LLP boosted its stake in YETI by 76.2% during the second quarter. Marshall Wace LLP now owns 607,551 shares of the company's stock valued at $23,178,000 after buying an additional 262,829 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in YETI by 2.4% during the first quarter. Capital Research Global Investors now owns 10,418,410 shares of the company's stock worth $401,630,000 after acquiring an additional 248,680 shares during the period.

Analysts Set New Price Targets

YETI has been the subject of a number of recent research reports. Canaccord Genuity Group reiterated a "hold" rating and set a $44.00 price objective on shares of YETI in a research report on Thursday. Bank of America lowered shares of YETI from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Piper Sandler reissued an "overweight" rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a research report on Friday, November 8th. B. Riley raised their price objective on shares of YETI from $38.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, August 9th. Finally, Citigroup reduced their target price on YETI from $49.00 to $47.00 and set a "buy" rating for the company in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, YETI has a consensus rating of "Hold" and an average price target of $45.46.

YETI Stock Down 1.4 %

NYSE YETI traded down $0.56 during trading on Friday, reaching $38.16. The company's stock had a trading volume of 1,393,726 shares, compared to its average volume of 2,143,621. The business has a 50-day moving average price of $38.87 and a 200-day moving average price of $39.27. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $54.15. The stock has a market capitalization of $3.24 billion, a PE ratio of 16.38, a PEG ratio of 1.10 and a beta of 2.12. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10.

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.