PDT Partners LLC Buys New Shares in YETI Holdings, Inc. (NYSE:YETI)

PDT Partners LLC purchased a new position in YETI Holdings, Inc. (NYSE:YETI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 36,764 shares of the company’s stock, valued at approximately $1,508,000.

A number of other institutional investors and hedge funds have also bought and sold shares of YETI. V Square Quantitative Management LLC purchased a new stake in shares of YETI during the third quarter worth about $26,000. Versant Capital Management Inc boosted 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 purchasing an additional 709 shares during the period. Blue Trust Inc. grew its holdings in YETI by 265.8% during 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 in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of YETI during the second quarter valued at approximately $42,000. Finally, GAMMA Investing LLC lifted its holdings 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 buying an additional 423 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on YETI. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 target price on shares of YETI in a research note on Thursday, November 14th. Bank of America cut 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 report on Wednesday, November 6th. Roth Mkm increased their price target on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. KeyCorp raised their price target on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Finally, Citigroup decreased their price objective on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, YETI currently has a consensus rating of “Hold” and an average target price of $45.46.

YETI Stock Performance

NYSE:YETI opened at $40.37 on Monday. The firm has a market capitalization of $3.42 billion, a PE ratio of 17.33, a PEG ratio of 1.16 and a beta of 2.15. The stock’s fifty day moving average is $39.04 and its 200 day moving average is $39.43. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $54.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58.

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.