Y Intercept Hong Kong Ltd raised its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 246.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,789 shares of the company's stock after buying an additional 14,782 shares during the period. Y Intercept Hong Kong Ltd's holdings in YETI were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Algert Global LLC grew its holdings in YETI by 443.0% during the third quarter. Algert Global LLC now owns 47,550 shares of the company's stock worth $1,951,000 after buying an additional 38,793 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of YETI by 26,657.7% in the 3rd quarter. International Assets Investment Management LLC now owns 43,615 shares of the company's stock worth $1,790,000 after acquiring an additional 43,452 shares in the last quarter. Qsemble Capital Management LP grew its stake in shares of YETI by 320.3% in the 3rd quarter. Qsemble Capital Management LP now owns 26,576 shares of the company's stock worth $1,090,000 after acquiring an additional 20,253 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of YETI in the third quarter valued at about $1,415,000. Finally, Schwartz Investment Counsel Inc. lifted its position in shares of YETI by 7.5% during the third quarter. Schwartz Investment Counsel Inc. now owns 362,150 shares of the company's stock valued at $14,859,000 after purchasing an additional 25,300 shares in the last quarter.
Shares of YETI stock opened at $44.18 on Friday. The stock has a market capitalization of $3.75 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.39 and a beta of 2.15. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $54.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The stock's 50-day simple moving average is $39.60 and its 200 day simple moving average is $39.68.
Several equities research analysts have commented on YETI shares. TD Cowen decreased their price objective on shares of YETI from $46.00 to $44.00 and set a "hold" rating for the company in a research note on Monday, November 11th. Piper Sandler reaffirmed an "overweight" rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research report on Friday, November 8th. Canaccord Genuity Group reissued a "hold" rating and issued a $44.00 price objective on shares of YETI in a research report on Thursday, November 14th. 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 research report on Wednesday, November 6th. One equities 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. Based on data from MarketBeat, YETI has an average rating of "Hold" and an average price target of $45.46.
View Our Latest Research Report on YETI
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider YETI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and YETI wasn't on the list.
While YETI currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.