46,000 Shares in YETI Holdings, Inc. (NYSE:YETI) Acquired by ING Groep NV

ING Groep NV acquired a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 46,000 shares of the company’s stock, valued at approximately $1,887,000. ING Groep NV owned approximately 0.05% of YETI at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of YETI. V Square Quantitative Management LLC purchased a new position in YETI during the third quarter valued at $26,000. Crewe Advisors LLC purchased a new position in shares of YETI during the first quarter valued at about $27,000. Versant Capital Management Inc increased its holdings in shares of YETI by 571.8% in the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after purchasing an additional 709 shares during the last quarter. Blue Trust Inc. lifted its position in shares of 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. Finally, Ashton Thomas Private Wealth LLC bought a new position in YETI during the second quarter valued at approximately $42,000.

YETI Trading Down 1.4 %

YETI stock opened at $38.16 on Friday. The company has a market capitalization of $3.24 billion, a PE ratio of 16.38, a P/E/G ratio of 1.12 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $54.15. The firm’s 50-day moving average is $38.87 and its 200 day moving average is $39.27.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Roth Mkm increased their target price on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Piper Sandler reissued an “overweight” rating and issued a $54.00 price objective (down from $55.00) on shares of YETI in a research note on Friday, November 8th. Citigroup lowered their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Canaccord Genuity Group reissued a “hold” rating and set a $44.00 price objective on shares of YETI in a research note on Thursday. Finally, Bank of America lowered YETI from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. One investment 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.46.

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.