NFJ Investment Group LLC Purchases 5,769 Shares of YETI Holdings, Inc. (NYSE:YETI)

NFJ Investment Group LLC grew its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 15.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,691 shares of the company’s stock after buying an additional 5,769 shares during the quarter. NFJ Investment Group LLC’s holdings in YETI were worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in YETI during the third quarter worth about $26,000. Blue Trust Inc. grew its stake in YETI by 265.8% during the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after buying an additional 630 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in YETI during the second quarter worth about $42,000. GAMMA Investing LLC grew its stake in shares of YETI by 52.9% during the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after purchasing an additional 423 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of YETI by 48.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock valued at $63,000 after purchasing an additional 500 shares during the last quarter.

YETI Price Performance

YETI stock opened at $42.70 on Thursday. The company has a 50 day simple moving average of $39.13 and a 200 day simple moving average of $39.43. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 1.28 and a beta of 2.15. YETI Holdings, Inc. has a 1 year low of $33.41 and a 1 year high of $54.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45.

Analysts Set New Price Targets

YETI has been the topic of several research analyst reports. Roth Mkm increased their price target on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Piper Sandler reissued an “overweight” rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research note on Friday, November 8th. KeyCorp increased their price target on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. B. Riley increased their price target on shares of YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $44.00 price objective on shares of YETI in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.46.

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.