Royce & Associates LP Purchases 86,405 Shares of YETI Holdings, Inc. (NYSE:YETI)

Royce & Associates LP grew its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 17.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 585,971 shares of the company's stock after buying an additional 86,405 shares during the quarter. Royce & Associates LP owned approximately 0.69% of YETI worth $24,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in YETI by 259.4% in the first quarter. SG Americas Securities LLC now owns 21,170 shares of the company's stock worth $816,000 after purchasing an additional 15,280 shares during the period. Swiss National Bank grew its holdings in shares of YETI by 0.3% during the first quarter. Swiss National Bank now owns 171,400 shares of the company's stock valued at $6,607,000 after buying an additional 500 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of YETI by 5.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 92,639 shares of the company's stock valued at $3,706,000 after acquiring an additional 4,920 shares in the last quarter. Vanguard Group Inc. raised its holdings in YETI by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company's stock worth $318,690,000 after acquiring an additional 57,582 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its position in shares of YETI by 83.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 41,931 shares of the company's stock valued at $1,616,000 after buying an additional 19,101 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on YETI shares. Canaccord Genuity Group reiterated a "hold" rating and issued a $44.00 price target on shares of YETI in a research note on Thursday. Piper Sandler reiterated an "overweight" rating and set a $54.00 target price (down from $55.00) on shares of YETI in a research note on Friday, November 8th. Roth Mkm raised their price target on YETI from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, August 9th. KeyCorp upped their price objective on YETI from $36.00 to $38.00 and gave the company an "underweight" rating in a research report on Friday, August 9th. Finally, TD Cowen dropped their target price on YETI from $46.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $45.46.

YETI Price Performance

NYSE:YETI traded down $0.56 on Friday, reaching $38.16. 1,393,726 shares of the company's stock traded hands, compared to its average volume of 2,143,621. The stock has a 50-day simple moving average of $38.87 and a 200-day simple moving average of $39.25. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $54.15. The firm has a market cap of $3.24 billion, a PE ratio of 16.38, a P/E/G ratio of 1.12 and a beta of 2.12. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

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.