Edgestream Partners L.P. Purchases New Position in YETI Holdings, Inc. (NYSE:YETI)

Edgestream Partners L.P. acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 85,440 shares of the company's stock, valued at approximately $3,506,000. Edgestream Partners L.P. owned 0.10% of YETI as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in YETI. Lazard Asset Management LLC acquired a new stake in YETI in the 1st quarter valued at $132,000. Price T Rowe Associates Inc. MD grew 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 worth $2,014,000 after purchasing an additional 2,650 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of YETI by 65.8% during the 1st quarter. Janus Henderson Group PLC now owns 68,237 shares of the company's stock worth $2,630,000 after purchasing an additional 27,076 shares in the last quarter. Tidal Investments LLC increased its position in shares of YETI by 48.5% during the 1st quarter. Tidal Investments LLC now owns 22,395 shares of the company's stock worth $863,000 after purchasing an additional 7,316 shares in the last quarter. Finally, Comerica Bank lifted its holdings in YETI by 2.7% during the 1st quarter. Comerica Bank now owns 77,978 shares of the company's stock valued at $3,006,000 after purchasing an additional 2,014 shares during the last quarter.

Analysts Set New Price Targets

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

YETI Trading Up 2.0 %

YETI stock traded up $0.81 during midday trading on Monday, reaching $41.18. The company's stock had a trading volume of 1,184,337 shares, compared to its average volume of 1,621,351. The business's 50-day simple moving average is $39.04 and its 200-day simple moving average is $39.42. 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 Holdings, Inc. has a 52 week low of $33.41 and a 52 week high of $54.15. The stock has a market cap of $3.49 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.16 and a beta of 2.15.

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.