Pacer Advisors Inc. Has $487,000 Position in YETI Holdings, Inc. (NYSE:YETI)

Pacer Advisors Inc. lifted its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,646 shares of the company’s stock after acquiring an additional 332 shares during the period. Pacer Advisors Inc.’s holdings in YETI were worth $487,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of YETI. KBC Group NV increased its stake in YETI by 26.5% in the 4th quarter. KBC Group NV now owns 3,631 shares of the company’s stock valued at $140,000 after buying an additional 760 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in YETI in the fourth quarter valued at approximately $1,777,000. Blue Trust Inc. raised its stake in YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after acquiring an additional 333 shares during the period. SG Americas Securities LLC boosted its holdings in shares of YETI by 42.9% during the 4th quarter. SG Americas Securities LLC now owns 16,604 shares of the company’s stock worth $639,000 after buying an additional 4,981 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of YETI by 6.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 505,530 shares of the company’s stock worth $19,468,000 after acquiring an additional 30,040 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently commented on YETI shares. KeyCorp decreased their price target on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note 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 research 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 report on Thursday, November 14th. UBS Group reduced their price objective on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, TD Cowen dropped their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.69.

YETI Trading Up 2.8 %

Shares of YETI stock opened at $37.03 on Wednesday. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $49.01. The stock’s fifty day simple moving average is $39.42 and its 200 day simple moving average is $39.28. 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 firm has a market capitalization of $3.14 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.06 and a beta of 2.14.

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.