PDT Partners LLC Invests $1.51 Million in YETI Holdings, Inc. (NYSE:YETI)

PDT Partners LLC purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 36,764 shares of the company’s stock, valued at approximately $1,508,000.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of YETI during the third quarter worth $26,000. Versant Capital Management Inc increased its stake in YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after buying an additional 709 shares during the period. Blue Trust Inc. lifted its holdings in 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 buying an additional 630 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in YETI in the 2nd quarter valued at about $42,000. Finally, GAMMA Investing LLC grew its stake in YETI by 52.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after acquiring an additional 423 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on YETI shares. KeyCorp boosted their price target on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 9th. B. Riley upped their target price on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Piper Sandler restated an “overweight” rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. TD Cowen lowered their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Finally, Citigroup cut their target price on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.46.

YETI Price Performance

NYSE YETI opened at $40.37 on Monday. The firm’s fifty day simple moving average is $39.04 and its two-hundred day simple moving average is $39.43. The firm has a market capitalization of $3.42 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.16 and a beta of 2.15. 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 12-month low of $33.41 and a 12-month high of $54.15.

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.