Intech Investment Management LLC Purchases Shares of 34,478 YETI Holdings, Inc. (NYSE:YETI)

Intech Investment Management LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,478 shares of the company’s stock, valued at approximately $1,415,000.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of YETI in the third quarter valued at approximately $26,000. Versant Capital Management Inc increased its stake in shares of YETI by 571.8% in the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after purchasing an additional 709 shares during the period. Blue Trust Inc. increased its stake in shares of YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after purchasing an additional 630 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of YETI in the second quarter valued at approximately $42,000. Finally, GAMMA Investing LLC increased its stake in shares of YETI by 52.9% in the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after purchasing an additional 423 shares during the period.

YETI Trading Up 2.3 %

YETI stock opened at $40.52 on Tuesday. The company has a 50 day moving average price of $38.98 and a 200 day moving average price of $39.43. 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 firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.14 and a beta of 2.12.

Wall Street Analysts Forecast Growth

YETI has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. KeyCorp raised their price objective on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. Roth Mkm raised their price objective on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. B. Riley raised their price objective on shares of YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, Piper Sandler restated an “overweight” rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.46.

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.