State Street Corp Sells 24,247 Shares of YETI Holdings, Inc. (NYSE:YETI)

State Street Corp lowered its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,509,659 shares of the company’s stock after selling 24,247 shares during the quarter. State Street Corp owned about 2.96% of YETI worth $102,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Stifel Financial Corp grew its holdings in shares of YETI by 42.5% during the 3rd quarter. Stifel Financial Corp now owns 19,219 shares of the company’s stock worth $789,000 after acquiring an additional 5,731 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in YETI in the third quarter worth $119,000. Quadrature Capital Ltd purchased a new position in YETI in the third quarter worth about $238,000. Quarry LP grew its stake in shares of YETI by 209.8% during the 3rd quarter. Quarry LP now owns 1,927 shares of the company’s stock valued at $79,000 after purchasing an additional 1,305 shares during the period. Finally, Point72 Asset Management L.P. increased its position in shares of YETI by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company’s stock valued at $31,353,000 after purchasing an additional 156,926 shares during the last quarter.

YETI Price Performance

Shares of YETI opened at $44.19 on Monday. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $54.15. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.75 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.37 and a beta of 2.15. The business’s 50 day moving average is $39.60 and its 200 day moving average is $39.69.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. Piper Sandler reissued an “overweight” rating and set a $54.00 price objective (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. TD Cowen reduced their price objective on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 target price on shares of YETI in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, YETI presently has an average rating of “Hold” and a consensus price target 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.