Thrivent Financial for Lutherans Increases Holdings in YETI Holdings, Inc. (NYSE:YETI)

Thrivent Financial for Lutherans grew its holdings in YETI Holdings, Inc. (NYSE:YETI) by 29.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 26,747 shares of the company’s stock after acquiring an additional 6,152 shares during the period. Thrivent Financial for Lutherans’ holdings in YETI were worth $1,097,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd lifted its stake in YETI by 13.5% in the third quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $118,000 after acquiring an additional 343 shares during the period. GAMMA Investing LLC lifted its position in shares of YETI by 52.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after purchasing an additional 423 shares during the period. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of YETI by 1.6% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,965 shares of the company’s stock valued at $1,229,000 after purchasing an additional 465 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of YETI by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock valued at $928,000 after purchasing an additional 468 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of YETI by 9.2% during the second quarter. Valeo Financial Advisors LLC now owns 5,944 shares of the company’s stock valued at $227,000 after buying an additional 500 shares during the period.

Analyst Ratings Changes

Several analysts have commented on the stock. Canaccord Genuity Group restated a “hold” rating and issued a $44.00 price objective on shares of YETI in a report on Thursday, November 14th. KeyCorp raised their target price on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. B. Riley upped their price target on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Piper Sandler reissued an “overweight” rating and set a $54.00 price objective (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, TD Cowen dropped their target price 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.46.

YETI Trading Up 0.1 %

NYSE:YETI opened at $40.37 on Monday. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.16 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. The company’s 50 day moving average price is $39.04 and its 200-day moving average price is $39.43. YETI Holdings, Inc. has a 52 week low of $33.41 and a 52 week high of $54.15.

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.