85,440 Shares in YETI Holdings, Inc. (NYSE:YETI) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in YETI Holdings, Inc. (NYSE:YETI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 85,440 shares of the company’s stock, valued at approximately $3,506,000. Edgestream Partners L.P. owned approximately 0.10% of YETI as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YETI. American Century Companies Inc. increased its holdings in YETI by 311.4% in the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after acquiring an additional 1,488,994 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of YETI during the second quarter worth $23,166,000. WCM Investment Management LLC grew its holdings in shares of YETI by 655.4% during the third quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock worth $20,701,000 after buying an additional 441,516 shares in the last quarter. Millennium Management LLC grew its holdings in shares of YETI by 54.8% during the second quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock worth $31,183,000 after buying an additional 289,298 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of YETI by 76.2% during the second quarter. Marshall Wace LLP now owns 607,551 shares of the company’s stock worth $23,178,000 after buying an additional 262,829 shares in the last quarter.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of research reports. Citigroup dropped their target price 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. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 target price (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. KeyCorp upped their price objective on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. Finally, TD Cowen cut their price target on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.46.

YETI Price Performance

YETI stock opened at $40.37 on Monday. The business’s fifty day moving average price is $39.04 and its 200 day moving average price is $39.43. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $54.15. 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 company has a market capitalization of $3.42 billion, a PE ratio of 17.33, a P/E/G ratio of 1.16 and a beta of 2.15.

YETI Company 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.