B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 69,439 YETI Holdings, Inc. (NYSE:YETI)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 69,439 shares of the company's stock, valued at approximately $2,849,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.08% of YETI at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in YETI. American Century Companies Inc. grew its stake in YETI by 311.4% during the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company's stock worth $75,049,000 after buying an additional 1,488,994 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in YETI during the 2nd quarter valued at about $23,166,000. WCM Investment Management LLC lifted its stake in shares of YETI by 655.4% in the 3rd quarter. WCM Investment Management LLC now owns 508,882 shares of the company's stock worth $20,701,000 after acquiring an additional 441,516 shares during the period. Millennium Management LLC boosted its stake in YETI by 54.8% during the 2nd quarter. Millennium Management LLC now owns 817,366 shares of the company's stock valued at $31,183,000 after purchasing an additional 289,298 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of YETI by 76.2% during the 2nd quarter. Marshall Wace LLP now owns 607,551 shares of the company's stock valued at $23,178,000 after purchasing an additional 262,829 shares during the period.

YETI Trading Down 2.1 %

Shares of YETI stock opened at $37.23 on Thursday. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The firm's fifty day simple moving average is $38.94 and its 200 day simple moving average is $39.34. YETI Holdings, Inc. has a 1 year low of $33.41 and a 1 year high of $54.15. The firm has a market capitalization of $3.16 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.10 and a beta of 2.12.

Analyst Upgrades and Downgrades

YETI has been the subject of several research analyst reports. Bank of America lowered YETI from a "buy" rating to a "neutral" rating and cut their price objective for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. Citigroup cut their target price on shares of YETI from $49.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, August 5th. Canaccord Genuity Group restated a "hold" rating and issued a $44.00 price target on shares of YETI in a research report on Thursday, November 14th. B. Riley raised their price objective on YETI from $38.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, August 9th. Finally, TD Cowen reduced their target price on YETI from $46.00 to $44.00 and set a "hold" rating for the company in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.