Townsquare Capital LLC Purchases 10,750 Shares of YETI Holdings, Inc. (NYSE:YETI)

Townsquare Capital LLC raised its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 25.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,847 shares of the company’s stock after acquiring an additional 10,750 shares during the quarter. Townsquare Capital LLC owned about 0.06% of YETI worth $2,168,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in YETI. Lazard Asset Management LLC bought a new position in shares of YETI during the 1st quarter worth about $132,000. Price T Rowe Associates Inc. MD grew its stake in YETI by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 52,226 shares of the company’s stock valued at $2,014,000 after acquiring an additional 2,650 shares during the period. Janus Henderson Group PLC increased its holdings in shares of YETI by 65.8% during the first quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock valued at $2,630,000 after acquiring an additional 27,076 shares in the last quarter. Tidal Investments LLC raised its position in shares of YETI by 48.5% during the first quarter. Tidal Investments LLC now owns 22,395 shares of the company’s stock worth $863,000 after purchasing an additional 7,316 shares during the period. Finally, Comerica Bank lifted its holdings in shares of YETI by 2.7% in the 1st quarter. Comerica Bank now owns 77,978 shares of the company’s stock worth $3,006,000 after purchasing an additional 2,014 shares in the last quarter.

YETI Trading Up 0.1 %

NYSE YETI opened at $40.37 on Friday. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.16 and a beta of 2.12. The business’s fifty day moving average is $39.04 and its 200-day moving average is $39.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. YETI Holdings, Inc. has a one year low of $33.41 and a one year high of $54.15.

Analysts Set New Price Targets

YETI has been the subject of several recent research reports. TD Cowen decreased 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. Piper Sandler reissued 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. Canaccord Genuity Group restated a “hold” rating and issued a $44.00 target price on shares of YETI in a report on Thursday, November 14th. Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. Finally, Roth Mkm raised their price objective on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.