Point72 DIFC Ltd Cuts Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Point72 DIFC Ltd trimmed its position in YETI Holdings, Inc. (NYSE:YETI) by 25.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,210 shares of the company’s stock after selling 6,962 shares during the quarter. Point72 DIFC Ltd’s holdings in YETI were worth $829,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of YETI by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 52,226 shares of the company’s stock worth $2,014,000 after purchasing an additional 2,650 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of YETI during the first quarter worth about $201,000. Valeo Financial Advisors LLC grew its position in shares of YETI by 9.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 5,944 shares of the company’s stock worth $227,000 after acquiring an additional 500 shares in the last quarter. Chatham Capital Group Inc. increased its stake in YETI by 1.3% during the second quarter. Chatham Capital Group Inc. now owns 49,584 shares of the company’s stock valued at $1,892,000 after purchasing an additional 625 shares during the last quarter. Finally, Alhambra Investment Management LLC bought a new stake in shares of YETI during the 2nd quarter valued at about $332,000.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $44.00 price objective on shares of YETI in a report on Thursday, November 14th. Piper Sandler reissued an “overweight” rating and issued a $54.00 price objective (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. B. Riley boosted their target price on shares of YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. KeyCorp upped their target price on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Finally, Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and reduced their price target for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.46.

YETI Stock Performance

YETI stock opened at $41.61 on Friday. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 1.32 and a beta of 2.15. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $54.15. The firm has a 50 day moving average of $39.23 and a two-hundred day moving average of $39.47. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

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.