Quadrant Capital Group LLC Sells 673 Shares of YETI Holdings, Inc. (NYSE:YETI)

Quadrant Capital Group LLC reduced its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 14.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,117 shares of the company’s stock after selling 673 shares during the period. Quadrant Capital Group LLC’s holdings in YETI were worth $160,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in shares of YETI by 28.1% in the 2nd quarter. US Bancorp DE now owns 6,820 shares of the company’s stock worth $265,000 after acquiring an additional 1,498 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in YETI by 2.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 821,973 shares of the company’s stock worth $31,925,000 after purchasing an additional 18,664 shares in the last quarter. Citigroup Inc. grew its holdings in shares of YETI by 32.4% during the second quarter. Citigroup Inc. now owns 69,949 shares of the company’s stock worth $2,717,000 after purchasing an additional 17,113 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of YETI by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,171,649 shares of the company’s stock valued at $45,508,000 after buying an additional 94,345 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC raised its holdings in shares of YETI by 93.9% in the second quarter. BNP Paribas Arbitrage SNC now owns 115,842 shares of the company’s stock valued at $4,499,000 after buying an additional 56,084 shares during the last quarter.

Insiders Place Their Bets

In related news, CFO Michael John Mcmullen sold 2,460 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $48.08, for a total transaction of $118,276.80. Following the completion of the transaction, the chief financial officer now owns 36,949 shares in the company, valued at $1,776,507.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

YETI has been the subject of several research reports. Citigroup raised their price objective on shares of YETI from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, August 14th. KeyCorp reduced their price objective on YETI from $34.00 to $33.00 and set an “underweight” rating on the stock in a report on Friday, October 6th. Jefferies Financial Group boosted their target price on YETI from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Robert W. Baird lifted their target price on shares of YETI from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Finally, Roth Mkm restated a “neutral” rating and issued a $46.00 price target on shares of YETI in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.94.

YETI Stock Performance

Shares of YETI stock opened at $42.75 on Tuesday. The stock’s 50-day moving average is $43.40 and its 200-day moving average is $41.99. YETI Holdings, Inc. has a one year low of $34.70 and a one year high of $51.27. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 58.56, a price-to-earnings-growth ratio of 2.06 and a beta of 2.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.19 and a quick ratio of 1.25.

YETI Company Profile

YETI Holdings, Inc designs, markets, 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. The company also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, straw mugs and cups, bottles, jugs, and water bottles, as well as accessories comprising bottle straw and chug caps, lids, straw lids, color packs, tumbler handles, and jug mounts under the Rambler brand.