Wedge Capital Management L L P NC Reduces Stake in YETI Holdings, Inc. (NYSE:YETI)

Wedge Capital Management L L P NC decreased its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,659 shares of the company’s stock after selling 428 shares during the quarter. Wedge Capital Management L L P NC’s holdings in YETI were worth $2,066,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in YETI. Dimensional Fund Advisors LP raised its holdings in YETI by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock worth $56,351,000 after purchasing an additional 179,005 shares in the last quarter. Geode Capital Management LLC raised its stake in YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock worth $58,573,000 after acquiring an additional 7,382 shares in the last quarter. Congress Asset Management Co. lifted its position in YETI by 18.3% in the third quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock valued at $43,929,000 after acquiring an additional 165,458 shares during the last quarter. Millennium Management LLC boosted its stake in YETI by 54.8% in the second quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock valued at $31,183,000 after acquiring an additional 289,298 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in shares of YETI by 7.0% during the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock worth $33,242,000 after purchasing an additional 53,023 shares during the last quarter.

YETI Price Performance

Shares of NYSE YETI opened at $37.24 on Monday. The company’s fifty day moving average is $39.84 and its two-hundred day moving average is $39.36. 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 $3.16 billion, a P/E ratio of 15.98, a PEG ratio of 1.07 and a beta of 2.14. YETI Holdings, Inc. has a one year low of $33.41 and a one year high of $49.01.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on YETI. Piper Sandler reissued an “overweight” rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a research report on Friday, November 8th. KeyCorp lowered their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. TD Cowen reduced their price target 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. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.69.

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.