Centiva Capital LP Grows Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Centiva Capital LP raised its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 342.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,575 shares of the company's stock after purchasing an additional 50,739 shares during the quarter. Centiva Capital LP owned 0.08% of YETI worth $2,691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC lifted its stake in shares of YETI by 111.5% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 194,030 shares of the company's stock valued at $7,961,000 after purchasing an additional 102,288 shares during the period. Atom Investors LP acquired a new position in shares of YETI in the third quarter worth about $240,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of YETI by 236.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,367 shares of the company's stock worth $384,000 after acquiring an additional 6,580 shares in the last quarter. Point72 Hong Kong Ltd grew its position in shares of YETI by 3,094.3% during the 3rd quarter. Point72 Hong Kong Ltd now owns 79,090 shares of the company's stock valued at $3,245,000 after acquiring an additional 76,614 shares during the period. Finally, Maverick Capital Ltd. acquired a new stake in YETI in the third quarter valued at approximately $2,439,000.

Analysts Set New Price Targets

A number of research firms have weighed in on YETI. B. Riley upped their price objective on shares of YETI from $38.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, August 9th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $44.00 price target on shares of YETI in a research note on Thursday, November 14th. Bank of America cut YETI from a "buy" rating to a "neutral" rating and reduced their target price for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. Piper Sandler reaffirmed an "overweight" rating and issued a $54.00 price target (down from $55.00) on shares of YETI in a research note on Friday, November 8th. Finally, Roth Mkm increased their price objective on YETI from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Friday, August 9th. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $45.46.

YETI Trading Up 0.9 %

Shares of NYSE YETI traded up $0.39 during trading on Tuesday, reaching $41.59. The stock had a trading volume of 862,818 shares, compared to its average volume of 1,618,004. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The company has a market cap of $3.53 billion, a P/E ratio of 18.02, a PEG ratio of 1.16 and a beta of 2.15. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $54.15. The business's 50-day moving average price is $39.08 and its 200-day moving average price is $39.42.

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.