Public Employees Retirement System of Ohio Reduces Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Public Employees Retirement System of Ohio reduced its stake in YETI Holdings, Inc. (NYSE:YETI) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,073 shares of the company’s stock after selling 1,460 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.12% of YETI worth $4,270,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in YETI by 311.4% in the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after purchasing an additional 1,488,994 shares during the period. Van Berkom & Associates Inc. lifted its holdings in shares of YETI by 5.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,918,642 shares of the company’s stock worth $73,196,000 after buying an additional 105,859 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of YETI by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after acquiring an additional 179,005 shares during the period. Congress Asset Management Co. grew its stake in YETI by 18.3% during the third quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock valued at $43,929,000 after acquiring an additional 165,458 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in YETI by 54.8% in the 2nd quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock worth $31,183,000 after purchasing an additional 289,298 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on YETI. TD Cowen decreased their price target on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Piper Sandler restated an “overweight” rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a research note on Friday, November 8th. Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 price target on shares of YETI in a research report on Thursday, November 14th. Finally, Bank of America cut shares of YETI from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.46.

YETI Price Performance

Shares of YETI stock opened at $44.19 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $54.15. The company’s 50 day moving average price is $39.60 and its 200-day moving average price is $39.69. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.37 and a beta of 2.15.

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.