Janus Henderson Group PLC Acquires 3,039 Shares of YETI Holdings, Inc. (NYSE:YETI)

Janus Henderson Group PLC boosted its position in YETI Holdings, Inc. (NYSE:YETI) by 4.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 78,808 shares of the company’s stock after purchasing an additional 3,039 shares during the period. Janus Henderson Group PLC owned about 0.09% of YETI worth $3,234,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd grew its position in shares of YETI by 13.5% during the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock valued at $118,000 after acquiring an additional 343 shares during the period. GAMMA Investing LLC lifted its stake in 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 in the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in YETI by 1.6% in the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,965 shares of the company’s stock worth $1,229,000 after purchasing an additional 465 shares in the last quarter. Arizona State Retirement System lifted its stake in YETI by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock worth $928,000 after purchasing an additional 468 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of YETI by 5.5% during the 3rd quarter. Captrust Financial Advisors now owns 9,472 shares of the company’s stock valued at $389,000 after buying an additional 496 shares in the last quarter.

YETI Stock Performance

Shares of YETI stock opened at $44.81 on Thursday. The company has a 50 day moving average price of $39.46 and a 200-day moving average price of $39.61. YETI Holdings, Inc. has a 52 week low of $33.41 and a 52 week high of $54.15. The firm has a market capitalization of $3.80 billion, a PE ratio of 19.23, a P/E/G ratio of 1.32 and a beta of 2.15. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

YETI has been the topic of several recent research reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 target price on shares of YETI in a report on Thursday, November 14th. TD Cowen cut their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. Bank of America lowered shares of YETI from a “buy” rating to a “neutral” rating and cut their target price for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Finally, Piper Sandler reissued an “overweight” rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research report on Friday, November 8th. One 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 data from MarketBeat, YETI currently has an average 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.