Green Alpha Advisors LLC Grows Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Green Alpha Advisors LLC boosted its stake in YETI Holdings, Inc. (NYSE:YETI) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,464 shares of the company’s stock after acquiring an additional 546 shares during the period. Green Alpha Advisors LLC’s holdings in YETI were worth $480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of YETI in the third quarter valued at approximately $26,000. Blue Trust Inc. grew its position in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after buying an additional 630 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in YETI in the 3rd quarter valued at $38,000. Ashton Thomas Private Wealth LLC purchased a new position in YETI during the 2nd quarter worth $42,000. Finally, GAMMA Investing LLC lifted its stake in shares of YETI by 52.9% in the 3rd 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.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on YETI. Piper Sandler reiterated an “overweight” rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research note on Friday, November 8th. Bank of America cut YETI from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. TD Cowen cut their target price on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. KeyCorp decreased their price target on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 price objective on shares of YETI in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.83.

YETI Price Performance

YETI stock opened at $38.15 on Monday. The firm has a market capitalization of $3.24 billion, a PE ratio of 16.37, a P/E/G ratio of 1.37 and a beta of 2.14. YETI Holdings, Inc. has a 52 week low of $33.41 and a 52 week high of $49.01. The firm’s 50-day simple moving average is $39.86 and its 200 day simple moving average is $39.37. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

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.