ING Groep NV Buys New Stake in YETI Holdings, Inc. (NYSE:YETI)

ING Groep NV acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 46,000 shares of the company's stock, valued at approximately $1,887,000. ING Groep NV owned 0.05% of YETI as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of YETI. V Square Quantitative Management LLC bought a new position in shares of YETI during the third quarter valued at approximately $26,000. Crewe Advisors LLC bought a new stake in YETI during the 1st quarter valued at $27,000. Versant Capital Management Inc increased its holdings in shares of YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company's stock valued at $32,000 after acquiring an additional 709 shares during the period. Blue Trust Inc. raised its position in shares of YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company's stock worth $33,000 after acquiring an additional 630 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of YETI during the 2nd quarter worth $42,000.

YETI Stock Performance

YETI stock traded down $0.56 during trading hours on Friday, hitting $38.16. 1,393,726 shares of the stock traded hands, compared to its average volume of 2,143,621. YETI Holdings, Inc. has a 1 year low of $33.41 and a 1 year high of $54.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.10 and a beta of 2.12. The firm's 50 day moving average price is $38.87 and its 200-day moving average price is $39.27.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on YETI shares. Bank of America lowered YETI from a "buy" rating to a "neutral" rating and cut their target price for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. KeyCorp lifted their price objective on shares of YETI from $36.00 to $38.00 and gave the stock an "underweight" rating in a research report on Friday, August 9th. Piper Sandler reissued an "overweight" rating and set a $54.00 target price (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. TD Cowen cut their price target on shares of YETI from $46.00 to $44.00 and set a "hold" rating on the stock in a report on Monday, November 11th. Finally, B. Riley upped their price target on YETI from $38.00 to $45.00 and gave the stock a "neutral" rating in a research report 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 issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $45.46.

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.