JPMorgan Chase & Co. Has $17.92 Million Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

JPMorgan Chase & Co. raised its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 16.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 436,810 shares of the company's stock after buying an additional 62,619 shares during the quarter. JPMorgan Chase & Co. owned 0.51% of YETI worth $17,922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in YETI during the third quarter valued at approximately $26,000. Blue Trust Inc. lifted its stake in shares of YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company's stock valued at $33,000 after purchasing an additional 630 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI in the 3rd quarter valued at $38,000. Ashton Thomas Private Wealth LLC acquired a new position in YETI during the second quarter worth $42,000. Finally, GAMMA Investing LLC increased its position in YETI by 52.9% during the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company's stock worth $50,000 after buying an additional 423 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on YETI. Canaccord Genuity Group reiterated a "hold" rating and set a $44.00 price target on shares of YETI in a research note on Thursday, November 14th. Bank of America downgraded YETI from a "buy" rating to a "neutral" rating and lowered their price target for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. Piper Sandler restated an "overweight" rating and issued a $54.00 price objective (down from $55.00) on shares of YETI in a research note on Friday, November 8th. TD Cowen lowered their target price 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. Finally, KeyCorp cut 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, YETI currently has a consensus rating of "Hold" and an average target price of $44.83.

YETI Stock Performance

Shares of YETI traded up $0.72 on Friday, reaching $38.15. 1,550,711 shares of the stock traded hands, compared to its average volume of 1,430,552. The stock's 50-day moving average price is $39.81 and its 200-day moving average price 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. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.37 and a beta of 2.14. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $49.01.

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.