Franklin Resources Inc. Has $207.09 Million Holdings in YETI Holdings, Inc. (NYSE:YETI)

Franklin Resources Inc. grew its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 18.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,999,412 shares of the company’s stock after purchasing an additional 629,287 shares during the quarter. Franklin Resources Inc.’s holdings in YETI were worth $207,090,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Sachetta LLC bought a new position in shares of YETI during the fourth quarter worth about $53,000. Principal Securities Inc. bought a new position in shares of YETI during the fourth quarter worth about $74,000. Signaturefd LLC raised its position in shares of YETI by 27.0% during the fourth quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock worth $90,000 after acquiring an additional 368 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of YETI during the third quarter worth about $121,000. Finally, Assetmark Inc. raised its position in shares of YETI by 63.1% during the fourth quarter. Assetmark Inc. now owns 2,873 shares of the company’s stock worth $149,000 after acquiring an additional 1,112 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on YETI. Roth Mkm lowered their price objective on YETI from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Piper Sandler reiterated an “overweight” rating and issued a $54.00 target price (up from $52.00) on shares of YETI in a report on Friday, May 10th. Stifel Nicolaus lowered their target price on YETI from $43.00 to $41.00 and set a “hold” rating for the company in a report on Friday, February 16th. B. Riley lowered their target price on YETI from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Finally, TD Cowen lifted their target price on YETI from $38.00 to $43.00 and gave the stock a “hold” rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.80.

YETI Stock Down 2.8 %

Shares of NYSE:YETI traded down $1.13 during mid-day trading on Wednesday, hitting $38.95. 288,876 shares of the company traded hands, compared to its average volume of 1,714,494. The stock has a market cap of $3.32 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.53 and a beta of 2.26. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.12. YETI Holdings, Inc. has a 12-month low of $33.88 and a 12-month high of $54.15. The stock has a 50-day moving average price of $37.63 and a two-hundred day moving average price of $42.18.

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.