Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Fort Washington Investment Advisors Inc. OH raised its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 505,530 shares of the company’s stock after acquiring an additional 30,040 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.60% of YETI worth $19,468,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of YETI by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock worth $56,351,000 after purchasing an additional 179,005 shares during the last quarter. Geode Capital Management LLC raised its position in YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock worth $58,573,000 after buying an additional 7,382 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of YETI by 18.3% in 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. Millennium Management LLC increased its stake 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 acquiring an additional 289,298 shares during the period. Finally, Lord Abbett & CO. LLC raised its holdings in YETI by 7.0% during the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock worth $33,242,000 after purchasing an additional 53,023 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on YETI. KeyCorp lowered their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 price objective on shares of YETI in a research report on Thursday, November 14th. Piper Sandler restated an “overweight” rating and set a $54.00 target price (down from $55.00) on shares of YETI in a research report on Friday, November 8th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and cut their price target for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. Finally, TD Cowen decreased their price objective 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.69.

YETI Stock Performance

YETI stock opened at $37.74 on Thursday. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $49.01. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.06 and a beta of 2.14. The stock has a fifty day moving average of $39.63 and a two-hundred day moving average of $39.35. 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 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.