PDT Partners LLC Makes New Investment in YETI Holdings, Inc. (NYSE:YETI)

PDT Partners LLC purchased a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 36,764 shares of the company's stock, valued at approximately $1,508,000.

A number of other hedge funds also recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new position in shares of YETI during the 1st quarter valued at approximately $132,000. Price T Rowe Associates Inc. MD grew its position in shares of YETI by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 52,226 shares of the company's stock valued at $2,014,000 after purchasing an additional 2,650 shares during the period. Janus Henderson Group PLC increased its stake in shares of YETI by 65.8% during the first 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 stake in shares of YETI by 48.5% during the first 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 stake in YETI by 2.7% in the 1st quarter. Comerica Bank now owns 77,978 shares of the company's stock valued at $3,006,000 after buying an additional 2,014 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on the company. 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. Citigroup reduced their price objective on YETI from $49.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, August 5th. Bank of America cut shares of YETI from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. B. Riley increased their target price on shares of YETI from $38.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, August 9th. Finally, Piper Sandler restated an "overweight" rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, YETI currently has an average rating of "Hold" and a consensus price target of $45.46.

YETI Trading Up 2.0 %

NYSE:YETI traded up $0.81 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. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $54.15. The stock has a 50 day moving average price of $39.04 and a 200 day moving average price of $39.42. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.16 and a beta of 2.15. 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 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.