Connor Clark & Lunn Investment Management Ltd. Trims Holdings in YETI Holdings, Inc. (NYSE:YETI)

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 56.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 42,252 shares of the company’s stock after selling 54,034 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in YETI were worth $1,734,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Covestor Ltd grew its holdings in shares of YETI by 13.5% during the third quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $118,000 after buying an additional 343 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of YETI by 52.9% in the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after purchasing an additional 423 shares during the period. DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of YETI by 1.6% during the third 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 during the last quarter. Arizona State Retirement System lifted its holdings in shares of YETI by 2.0% during the second quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock worth $928,000 after purchasing an additional 468 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its position in YETI by 0.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 146,236 shares of the company’s stock valued at $5,637,000 after buying an additional 480 shares during the last quarter.

YETI Stock Performance

NYSE:YETI opened at $40.52 on Tuesday. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.44 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 1.14 and a beta of 2.12. The firm has a 50-day moving average price of $38.98 and a two-hundred day moving average price of $39.43. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $54.15.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. B. Riley raised their target price on shares of YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. TD Cowen lowered their price objective on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Roth Mkm increased their target price on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Piper Sandler restated an “overweight” rating and issued a $54.00 price target (down from $55.00) on shares of YETI in a research note on Friday, November 8th. Finally, Citigroup cut their price objective on YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $45.46.

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.