Livforsakringsbolaget Skandia Omsesidigt Purchases Shares of 8,700 YETI Holdings, Inc. (NYSE:YETI)

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,700 shares of the company’s stock, valued at approximately $335,000.

Several other hedge funds also recently modified their holdings of the stock. Handelsbanken Fonder AB grew its holdings in YETI by 50.3% in the third quarter. Handelsbanken Fonder AB now owns 29,900 shares of the company’s stock worth $1,227,000 after purchasing an additional 10,000 shares during the period. GAMMA Investing LLC increased its position in 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 buying an additional 423 shares in the last quarter. CWM LLC boosted its holdings in YETI by 135.0% in the third quarter. CWM LLC now owns 5,125 shares of the company’s stock worth $210,000 after acquiring an additional 2,944 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of YETI by 48.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock valued at $63,000 after acquiring an additional 500 shares in the last quarter. Finally, nVerses Capital LLC raised its position in shares of YETI by 61.8% during the third quarter. nVerses Capital LLC now owns 5,500 shares of the company’s stock worth $226,000 after purchasing an additional 2,100 shares during the period.

YETI Stock Down 2.8 %

YETI opened at $36.33 on Friday. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $49.01. The company’s 50-day moving average price is $39.22 and its two-hundred day moving average price is $39.24. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.06 and a beta of 2.13. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

A number of brokerages have commented on YETI. UBS Group decreased their price target on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. KeyCorp dropped their price target on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Canaccord Genuity Group reissued a “hold” rating and set a $44.00 price objective on shares of YETI in a report on Thursday, November 14th. Piper Sandler reissued an “overweight” rating and issued a $54.00 price target (down from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $40.00 in a report 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.69.

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.