YETI Holdings, Inc. (NYSE:YETI) Holdings Raised by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. increased its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 236.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,367 shares of the company’s stock after purchasing an additional 6,580 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in YETI were worth $384,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in YETI. Price T Rowe Associates Inc. MD boosted its holdings in shares of YETI by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,226 shares of the company’s stock valued at $2,014,000 after buying an additional 2,650 shares during the period. Janus Henderson Group PLC boosted its stake in YETI by 65.8% in 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 during the period. Tidal Investments LLC grew its holdings in shares of YETI by 48.5% during the first quarter. Tidal Investments LLC now owns 22,395 shares of the company’s stock valued at $863,000 after purchasing an additional 7,316 shares during the last quarter. Comerica Bank raised its position in shares of YETI by 2.7% during 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 during the period. Finally, Cetera Advisors LLC bought a new stake in shares of YETI in the 1st quarter worth approximately $201,000.

YETI Trading Up 2.0 %

Shares of YETI opened at $41.18 on Tuesday. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $54.15. The stock has a market capitalization of $3.49 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.16 and a beta of 2.15. The business’s 50-day moving average price is $39.04 and its 200 day moving average price is $39.42.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on YETI shares. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $44.00 target price on shares of YETI in a research report on Thursday, November 14th. Citigroup dropped their price objective on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Bank of America lowered shares of YETI from a “buy” rating to a “neutral” rating and reduced their target price for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Roth Mkm raised their price target on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, TD Cowen decreased their price objective on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.46.

YETI Company 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.