Summit Trail Advisors LLC Buys Shares of 8,603 YETI Holdings, Inc. (NYSE:YETI)

Summit Trail Advisors LLC purchased a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,603 shares of the company’s stock, valued at approximately $331,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in YETI during the 3rd quarter worth approximately $26,000. Blue Trust Inc. grew its position in shares of YETI by 265.8% during the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after purchasing an additional 630 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of YETI in the third quarter worth $38,000. GAMMA Investing LLC raised its position in shares of YETI by 52.9% in the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after buying an additional 423 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in YETI by 48.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock valued at $63,000 after buying an additional 500 shares during the period.

YETI Stock Performance

NYSE YETI opened at $37.93 on Thursday. The company has a 50-day simple moving average of $38.95 and a two-hundred day simple moving average of $39.24. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $48.76. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.06 and a beta of 2.13. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on YETI. UBS Group decreased their target price on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. 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 note on Wednesday, January 8th. 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. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 price target on shares of YETI in a report on Thursday, November 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price objective (down from $55.00) on shares of YETI in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.