Retirement Systems of Alabama Lowers Position in YETI Holdings, Inc. (NYSE:YETI)

Retirement Systems of Alabama reduced its stake in YETI Holdings, Inc. (NYSE:YETI) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,833 shares of the company’s stock after selling 2,372 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of YETI worth $4,219,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of YETI by 311.4% in the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock valued at $75,049,000 after acquiring an additional 1,488,994 shares during the period. Point72 Asset Management L.P. purchased a new stake in YETI in the second quarter valued at approximately $23,166,000. WCM Investment Management LLC lifted its stake in YETI by 655.4% during the third quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock worth $20,701,000 after purchasing an additional 441,516 shares in the last quarter. Millennium Management LLC boosted its position 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 buying an additional 289,298 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of YETI by 76.2% in the second quarter. Marshall Wace LLP now owns 607,551 shares of the company’s stock valued at $23,178,000 after buying an additional 262,829 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently issued reports on YETI. Piper Sandler reissued an “overweight” rating and set a $54.00 target price (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Bank of America cut shares of YETI from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. TD Cowen dropped their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 target price on shares of YETI in a report 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 given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.46.

YETI Trading Down 2.8 %

NYSE:YETI opened at $39.63 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 1 year low of $33.41 and a 1 year high of $54.15. The stock has a market cap of $3.36 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.37 and a beta of 2.15. The stock has a 50-day simple moving average of $39.58 and a 200-day simple moving average of $39.74.

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.