Versant Capital Management Inc Acquires 1,479 Shares of YETI Holdings, Inc. (NYSE:YETI)

Versant Capital Management Inc increased its stake in YETI Holdings, Inc. (NYSE:YETI) by 364.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,885 shares of the company’s stock after acquiring an additional 1,479 shares during the period. Versant Capital Management Inc’s holdings in YETI were worth $73,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in YETI by 17.3% during the second quarter. Commonwealth Equity Services LLC now owns 18,768 shares of the company’s stock valued at $716,000 after acquiring an additional 2,769 shares during the last quarter. Arizona State Retirement System raised its position in YETI by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock worth $928,000 after purchasing an additional 468 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in YETI in the second quarter worth $42,000. Choreo LLC bought a new position in shares of YETI during the second quarter valued at about $561,000. Finally, Van Berkom & Associates Inc. increased its holdings in shares of YETI by 5.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,918,642 shares of the company’s stock worth $73,196,000 after buying an additional 105,859 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have weighed in on YETI shares. Bank of America cut 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. TD Cowen decreased their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 target price (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Finally, Canaccord Genuity Group restated a “hold” rating and issued a $44.00 price objective on shares of YETI in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $45.08.

YETI Stock Performance

Shares of YETI stock opened at $38.12 on Monday. The company’s 50 day moving average is $39.63 and its 200 day moving average is $39.46. 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 cap of $3.23 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.37 and a beta of 2.14. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $49.01.

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.