Intech Investment Management LLC Makes New $1.42 Million Investment in YETI Holdings, Inc. (NYSE:YETI)

Intech Investment Management LLC purchased a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 34,478 shares of the company's stock, valued at approximately $1,415,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Covestor Ltd boosted its position in YETI by 13.5% in the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company's stock worth $118,000 after purchasing an additional 343 shares in the last quarter. GAMMA Investing LLC boosted its position in YETI by 52.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company's stock worth $50,000 after purchasing an additional 423 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its position in YETI by 1.6% in the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,965 shares of the company's stock worth $1,229,000 after purchasing an additional 465 shares in the last quarter. Arizona State Retirement System boosted its position in YETI by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 24,337 shares of the company's stock worth $928,000 after purchasing an additional 468 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in YETI by 0.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 146,236 shares of the company's stock worth $5,637,000 after purchasing an additional 480 shares in the last quarter.

Wall Street Analysts Forecast Growth

YETI has been the topic of several recent research reports. Canaccord Genuity Group restated a "hold" rating and issued a $44.00 price objective on shares of YETI in a research report on Thursday, November 14th. B. Riley upped their price objective on YETI from $38.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, August 9th. TD Cowen decreased their target price on YETI from $46.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, November 11th. Piper Sandler reiterated 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. Finally, Bank of America lowered YETI from a "buy" rating to a "neutral" rating and decreased their target price for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $45.46.

YETI Price Performance

YETI stock traded down $0.70 during midday trading on Tuesday, reaching $39.82. The stock had a trading volume of 1,464,038 shares, compared to its average volume of 1,630,245. The company's fifty day simple moving average is $38.98 and its 200 day simple moving average is $39.43. 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 company has a market cap of $3.38 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.14 and a beta of 2.12. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $54.15.

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.