Quantbot Technologies LP Takes $561,000 Position in YETI Holdings, Inc. (NYSE:YETI)

Quantbot Technologies LP purchased a new stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,671 shares of the company's stock, valued at approximately $561,000.

A number of other hedge funds also recently bought and sold shares of YETI. Covestor Ltd increased its holdings 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 buying an additional 343 shares in the last quarter. GAMMA Investing LLC lifted its position in YETI by 52.9% during the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company's stock valued at $50,000 after purchasing an additional 423 shares during the period. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in YETI by 1.6% in the third 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 during the last quarter. Arizona State Retirement System grew 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 during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of YETI by 9.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 5,944 shares of the company's stock valued at $227,000 after buying an additional 500 shares during the period.

YETI Price Performance

Shares of NYSE:YETI traded up $0.72 during midday trading on Tuesday, reaching $41.92. 828,731 shares of the company were exchanged, compared to its average volume of 1,617,654. 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 stock has a market cap of $3.56 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.16 and a beta of 2.15. The business's fifty day moving average is $39.08 and its two-hundred day moving average is $39.42. YETI Holdings, Inc. has a one year low of $33.41 and a one year high of $54.15.

Analyst Ratings Changes

Several brokerages have issued reports on YETI. B. Riley raised their target price on 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 set a $44.00 target price on shares of YETI in a report on Thursday, November 14th. Roth Mkm lifted their price target on shares of YETI from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, August 9th. 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. Finally, KeyCorp boosted their price target on YETI from $36.00 to $38.00 and gave the company an "underweight" rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $45.46.

YETI Company 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.