Blueshift Asset Management LLC Buys New Position in YETI Holdings, Inc. (NYSE:YETI)

Blueshift Asset Management LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI) during the 3rd quarter, HoldingsChannel reports. The firm purchased 6,822 shares of the company’s stock, valued at approximately $280,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in YETI during the 3rd quarter valued at approximately $26,000. Versant Capital Management Inc increased its holdings in shares of YETI by 571.8% during the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after acquiring an additional 709 shares in the last quarter. Blue Trust Inc. boosted its stake in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after purchasing an additional 630 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in YETI during the 2nd quarter valued at about $42,000. Finally, GAMMA Investing LLC increased its stake in YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after purchasing an additional 423 shares in the last quarter.

YETI Price Performance

Shares of NYSE:YETI opened at $40.33 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.42 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.16 and a beta of 2.12. The firm’s 50 day moving average price is $39.02 and its 200-day moving average price is $39.44. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $54.15.

Wall Street Analyst Weigh In

YETI has been the topic of several analyst reports. KeyCorp upped their target price on shares of YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. Piper Sandler reiterated an “overweight” rating and set a $54.00 target price (down from $55.00) on shares of YETI in a research note on Friday, November 8th. B. Riley boosted their price target on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 price objective on shares of YETI in a research report on Thursday, November 14th. Finally, Roth Mkm lifted their price objective on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, YETI presently has a consensus rating of “Hold” and an average 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.