Verition Fund Management LLC Acquires 164,404 Shares of YETI Holdings, Inc. (NYSE:YETI)

Verition Fund Management LLC grew its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 855.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,630 shares of the company's stock after purchasing an additional 164,404 shares during the period. Verition Fund Management LLC owned approximately 0.22% of YETI worth $7,534,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of YETI. V Square Quantitative Management LLC bought a new stake in shares of YETI during the third quarter valued at about $26,000. Versant Capital Management Inc lifted its stake in YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company's stock worth $32,000 after purchasing an additional 709 shares in the last quarter. Blue Trust Inc. lifted its stake in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company's stock worth $33,000 after purchasing an additional 630 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of YETI during the 2nd quarter valued at $42,000. Finally, GAMMA Investing LLC increased its holdings in shares of YETI by 52.9% in the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company's stock worth $50,000 after purchasing an additional 423 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently commented on YETI shares. Citigroup reduced their target price 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 boosted their price objective on YETI from $38.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, August 9th. Roth Mkm raised their target price on shares of YETI from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Friday, August 9th. Piper Sandler reiterated an "overweight" rating and set a $54.00 target price (down from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a $44.00 price target on shares of YETI in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $45.46.

YETI Stock Performance

Shares of YETI stock traded up $0.81 during trading hours on Monday, reaching $41.18. 1,184,337 shares of the stock traded hands, compared to its average volume of 1,621,351. YETI Holdings, Inc. has a one year low of $33.41 and a one year high of $54.15. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 17.33, a P/E/G 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. The company has a 50 day moving average price of $39.04 and a 200 day moving average price of $39.42.

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.