Qsemble Capital Management LP Boosts Holdings in YETI Holdings, Inc. (NYSE:YETI)

Qsemble Capital Management LP grew its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 320.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,576 shares of the company's stock after acquiring an additional 20,253 shares during the period. Qsemble Capital Management LP's holdings in YETI were worth $1,090,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in YETI during the 3rd quarter worth about $26,000. Versant Capital Management Inc increased its holdings in YETI by 571.8% during the second quarter. Versant Capital Management Inc now owns 833 shares of the company's stock valued at $32,000 after buying an additional 709 shares during the period. Blue Trust Inc. raised its stake in YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company's stock worth $33,000 after buying an additional 630 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in YETI during the second quarter worth $42,000. Finally, GAMMA Investing LLC lifted its holdings in YETI by 52.9% during the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company's stock worth $50,000 after buying an additional 423 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup reduced their price target on YETI from $49.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, August 5th. B. Riley increased their price target 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. TD Cowen lowered their price target on shares of YETI from $46.00 to $44.00 and set a "hold" rating on the stock in a report on Monday, November 11th. Piper Sandler reiterated an "overweight" rating and set a $54.00 price objective (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Finally, Bank of America downgraded shares of YETI from a "buy" rating to a "neutral" rating and lowered their target price for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, YETI currently has a consensus rating of "Hold" and a consensus price target of $45.46.

YETI Stock Performance

Shares of YETI stock traded up $0.99 during mid-day trading on Wednesday, reaching $40.81. The stock had a trading volume of 183,608 shares, compared to its average volume of 1,623,523. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $54.15. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.17 and a beta of 2.12. 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 business's fifty day moving average is $38.98 and its 200-day moving average is $39.43.

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.