Green Alpha Advisors LLC raised its stake in YETI Holdings, Inc. (NYSE:YETI – Free Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,464 shares of the company’s stock after buying an additional 546 shares during the quarter. Green Alpha Advisors LLC’s holdings in YETI were worth $480,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of YETI. V Square Quantitative Management LLC acquired a new position in shares of YETI in the 3rd quarter worth approximately $26,000. Blue Trust Inc. raised its holdings in shares of YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after buying an additional 630 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in YETI during the 3rd quarter worth about $38,000. Ashton Thomas Private Wealth LLC purchased a new position in YETI during the 2nd quarter valued at about $42,000. Finally, GAMMA Investing LLC grew its position in YETI by 52.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after acquiring an additional 423 shares in the last quarter.
Wall Street Analysts Forecast Growth
YETI has been the topic of several research reports. KeyCorp reduced their price target on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Piper Sandler reiterated an “overweight” rating and set a $54.00 target price (down from $55.00) on shares of YETI in a report on Friday, November 8th. Canaccord Genuity Group restated a “hold” rating and issued a $44.00 price target on shares of YETI in a research note on Thursday, November 14th. TD Cowen reduced their price objective on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. Finally, Bank of America lowered YETI from a “buy” rating to a “neutral” rating and decreased their target price for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, YETI currently has a consensus rating of “Hold” and an average price target of $44.83.
YETI Stock Up 1.9 %
YETI stock opened at $38.15 on Monday. The stock’s fifty day moving average is $39.86 and its two-hundred day moving average is $39.37. The stock has a market cap of $3.24 billion, a PE ratio of 16.37, a P/E/G ratio of 1.37 and a beta of 2.14. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $49.01. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45.
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.
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