Wellington Management Group LLP Has $126.02 Million Position in YETI Holdings, Inc. (NYSE:YETI)

Wellington Management Group LLP trimmed its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 14.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,071,422 shares of the company's stock after selling 534,051 shares during the quarter. Wellington Management Group LLP owned approximately 3.62% of YETI worth $126,020,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in YETI. Algert Global LLC lifted its stake in YETI by 443.0% in the 3rd quarter. Algert Global LLC now owns 47,550 shares of the company's stock valued at $1,951,000 after purchasing an additional 38,793 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of YETI by 26,657.7% in the third quarter. International Assets Investment Management LLC now owns 43,615 shares of the company's stock valued at $1,790,000 after buying an additional 43,452 shares during the last quarter. Qsemble Capital Management LP lifted its position in shares of YETI by 320.3% in the third quarter. Qsemble Capital Management LP now owns 26,576 shares of the company's stock valued at $1,090,000 after buying an additional 20,253 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of YETI during the 3rd quarter worth approximately $1,415,000. Finally, Schwartz Investment Counsel Inc. increased its holdings in shares of YETI by 7.5% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 362,150 shares of the company's stock worth $14,859,000 after acquiring an additional 25,300 shares during the last quarter.

YETI Price Performance

Shares of NYSE YETI traded up $0.40 during midday trading on Tuesday, reaching $43.87. The company's stock had a trading volume of 1,215,152 shares, compared to its average volume of 1,615,889. The company has a market cap of $3.72 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.32 and a beta of 2.15. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $54.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The business's 50 day moving average price is $39.32 and its two-hundred day moving average price is $39.53.

Analysts Set New Price Targets

Several brokerages have issued reports on YETI. TD Cowen cut their price target on YETI from $46.00 to $44.00 and set a "hold" rating for the company in a report on Monday, November 11th. Piper Sandler restated an "overweight" rating and set a $54.00 target price (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Bank of America downgraded shares of YETI from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. Finally, Canaccord Genuity Group restated a "hold" rating and set a $44.00 price objective on shares of YETI in a research report on Thursday, November 14th. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $45.46.

YETI 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.