Wilmington Savings Fund Society FSB Makes New $38,000 Investment in YETI Holdings, Inc. (NYSE:YETI)

Wilmington Savings Fund Society FSB bought a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 921 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds have also recently made changes to their positions in YETI. American Century Companies Inc. raised its holdings in YETI by 311.4% in the second quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after buying an additional 1,488,994 shares during the last quarter. Point72 Asset Management L.P. bought a new position in YETI in the 2nd quarter valued at approximately $23,166,000. WCM Investment Management LLC lifted its position in YETI by 655.4% in the 3rd quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock valued at $20,701,000 after acquiring an additional 441,516 shares in the last quarter. Millennium Management LLC increased its holdings in shares of YETI by 54.8% in the 2nd quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock worth $31,183,000 after purchasing an additional 289,298 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of YETI by 76.2% in the second quarter. Marshall Wace LLP now owns 607,551 shares of the company’s stock worth $23,178,000 after purchasing an additional 262,829 shares during the last quarter.

Wall Street Analyst Weigh In

YETI has been the subject of several research analyst reports. TD Cowen reduced their price objective on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. Bank of America cut shares of YETI from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. Piper Sandler restated an “overweight” rating and issued a $54.00 target price (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 target price on shares of YETI in a research note on Thursday, November 14th. One investment 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. According to MarketBeat, YETI presently has a consensus rating of “Hold” and an average price target of $45.46.

YETI Trading Down 0.6 %

YETI stock opened at $39.41 on Monday. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $54.15. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.37 and a beta of 2.15. The firm has a 50 day moving average of $39.53 and a 200 day moving average of $39.70.

About 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.