YETI Holdings, Inc. (NYSE:YETI) Shares Sold by State Street Corp

State Street Corp reduced its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,509,659 shares of the company's stock after selling 24,247 shares during the period. State Street Corp owned 2.96% of YETI worth $102,971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of YETI during the 3rd quarter worth about $26,000. Blue Trust Inc. increased its position in YETI by 265.8% during the third quarter. Blue Trust Inc. now owns 867 shares of the company's stock worth $33,000 after purchasing an additional 630 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in YETI during the second quarter worth approximately $42,000. GAMMA Investing LLC boosted its holdings in shares of YETI by 52.9% in the 3rd 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 last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of YETI by 48.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company's stock valued at $63,000 after buying an additional 500 shares during the period.

YETI Stock Down 2.1 %

Shares of NYSE:YETI traded down $0.93 during midday trading on Monday, reaching $43.26. The company had a trading volume of 1,049,298 shares, compared to its average volume of 1,609,567. YETI Holdings, Inc. has a one year low of $33.41 and a one year high of $54.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. The stock has a market capitalization of $3.67 billion, a P/E ratio of 18.57, a PEG ratio of 1.37 and a beta of 2.15. The stock's fifty day moving average price is $39.63 and its 200-day moving average price is $39.72.

Analyst Ratings Changes

Several brokerages recently weighed in on YETI. Piper Sandler reaffirmed an "overweight" rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a research report on Friday, November 8th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $44.00 price objective on shares of YETI in a research note on Thursday, November 14th. Bank of America cut shares of YETI from a "buy" rating to a "neutral" rating and reduced their price target for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. Finally, TD Cowen dropped their price objective on shares of YETI from $46.00 to $44.00 and set a "hold" rating for the company in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.