ING Groep NV Takes Position in YETI Holdings, Inc. (NYSE:YETI)

ING Groep NV acquired a new position in YETI Holdings, Inc. (NYSE:YETI) in the third quarter, HoldingsChannel reports. The fund acquired 46,000 shares of the company’s stock, valued at approximately $1,887,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YETI. Covestor Ltd lifted its position in shares of YETI by 13.5% in the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $118,000 after purchasing an additional 343 shares during the period. GAMMA Investing LLC raised its stake in 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. DORCHESTER WEALTH MANAGEMENT Co boosted its position in YETI by 1.6% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,965 shares of the company’s stock valued at $1,229,000 after acquiring an additional 465 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of YETI by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock valued at $928,000 after acquiring an additional 468 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of YETI by 0.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 146,236 shares of the company’s stock worth $5,637,000 after acquiring an additional 480 shares in the last quarter.

YETI Stock Performance

NYSE YETI opened at $38.16 on Friday. The firm has a market capitalization of $3.24 billion, a P/E ratio of 16.38, a PEG ratio of 1.12 and a beta of 2.12. The stock has a 50-day simple moving average of $38.87 and a two-hundred day simple moving average of $39.27. 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 Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $54.15.

Analyst Ratings Changes

Several equities analysts have issued reports on YETI shares. Roth Mkm lifted their target price on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. TD Cowen reduced their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. KeyCorp raised their target price on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 price objective on shares of YETI in a report on Thursday. Finally, Citigroup dropped their target price on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $45.46.

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.