YETI Holdings, Inc. (NYSE:YETI) Shares Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lifted its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 3,094.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,090 shares of the company's stock after acquiring an additional 76,614 shares during the quarter. Point72 Hong Kong Ltd owned 0.09% of YETI worth $3,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in shares of YETI in the third quarter worth $26,000. Versant Capital Management Inc increased 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 buying an additional 709 shares in the last quarter. Blue Trust Inc. raised its holdings in YETI by 265.8% during the third quarter. Blue Trust Inc. now owns 867 shares of the company's stock valued at $33,000 after acquiring an additional 630 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of YETI in the second quarter valued at about $42,000. Finally, GAMMA Investing LLC boosted its stake 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 acquiring an additional 423 shares during the period.

YETI Stock Up 0.1 %

NYSE:YETI traded up $0.04 during mid-day trading on Friday, hitting $40.37. The stock had a trading volume of 616,125 shares, compared to its average volume of 2,214,311. 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 50-day simple moving average of $39.04 and a two-hundred day simple moving average of $39.43. The company has a market capitalization of $3.42 billion, a PE ratio of 17.33, a PEG ratio of 1.16 and a beta of 2.12. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $54.15.

Analysts Set New Price Targets

YETI has been the subject of several recent analyst reports. Citigroup dropped their price target on YETI from $49.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, August 5th. Piper Sandler restated an "overweight" rating and set a $54.00 target price (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. Bank of America downgraded 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 report on Wednesday, November 6th. TD Cowen lowered their target price on YETI from $46.00 to $44.00 and set a "hold" rating for the company in a research report on Monday, November 11th. Finally, B. Riley upped their price target on shares of YETI from $38.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $45.46.

About YETI

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.