Y Intercept Hong Kong Ltd Buys 14,782 Shares of YETI Holdings, Inc. (NYSE:YETI)

Y Intercept Hong Kong Ltd lifted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 246.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,789 shares of the company’s stock after purchasing an additional 14,782 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in YETI were worth $853,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in YETI in the 3rd quarter worth approximately $26,000. Blue Trust Inc. raised its position in shares of YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after buying an additional 630 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in YETI during the second quarter valued at $42,000. GAMMA Investing LLC grew its position in YETI by 52.9% during the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after buying an additional 423 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in YETI by 48.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock worth $63,000 after buying an additional 500 shares in the last quarter.

YETI Stock Performance

YETI stock opened at $44.18 on Friday. The firm has a fifty day simple moving average of $39.60 and a two-hundred day simple moving average of $39.68. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $54.15. The company has a market capitalization of $3.75 billion, a PE ratio of 18.96, a P/E/G ratio of 1.39 and a beta of 2.15.

Analyst Ratings Changes

YETI has been the topic of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Bank of America lowered shares of YETI from a “buy” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 price target on shares of YETI in a research note on Thursday, November 14th. Finally, TD Cowen lowered their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.