Lord Abbett & CO. LLC Grows Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Lord Abbett & CO. LLC boosted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 810,182 shares of the company's stock after buying an additional 53,023 shares during the period. Lord Abbett & CO. LLC owned approximately 0.96% of YETI worth $33,242,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. American Century Companies Inc. increased its position in shares of YETI by 311.4% during the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company's stock valued at $75,049,000 after purchasing an additional 1,488,994 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in YETI in the second quarter worth approximately $23,166,000. WCM Investment Management LLC grew its position in YETI by 655.4% during the third quarter. WCM Investment Management LLC now owns 508,882 shares of the company's stock valued at $20,701,000 after acquiring an additional 441,516 shares during the last quarter. Millennium Management LLC raised its stake in shares of YETI by 54.8% during the second quarter. Millennium Management LLC now owns 817,366 shares of the company's stock worth $31,183,000 after acquiring an additional 289,298 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of YETI by 76.2% in the 2nd quarter. Marshall Wace LLP now owns 607,551 shares of the company's stock worth $23,178,000 after acquiring an additional 262,829 shares during the last quarter.

YETI Stock Performance

Shares of YETI remained flat at $44.19 on Friday. 1,396,460 shares of the company traded hands, compared to its average volume of 1,348,876. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $54.15. The stock has a market cap of $3.75 billion, a P/E ratio of 18.97, a PEG ratio of 1.37 and a beta of 2.15. The firm has a 50 day simple moving average of $39.60 and a 200 day simple moving average of $39.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45.

Analyst Ratings Changes

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