B. Metzler seel. Sohn & Co. Holding AG Takes $2.85 Million Position in YETI Holdings, Inc. (NYSE:YETI)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 69,439 shares of the company’s stock, valued at approximately $2,849,000.

Several other hedge funds have also recently bought and sold shares of YETI. V Square Quantitative Management LLC bought a new stake in shares of YETI during the third quarter worth $26,000. Crewe Advisors LLC bought a new position in YETI during the 1st quarter worth about $27,000. Versant Capital Management Inc raised its stake in shares of YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after purchasing an additional 709 shares during the period. Blue Trust Inc. boosted its position in shares of YETI by 265.8% during the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after buying an additional 630 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of YETI during the second quarter worth about $42,000.

YETI Price Performance

Shares of NYSE YETI opened at $37.23 on Thursday. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $54.15. The company has a market cap of $3.16 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.09 and a beta of 2.12. The business’s 50 day moving average price is $38.94 and its two-hundred day moving average price is $39.34. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

Several equities research analysts have commented on YETI shares. Bank of America cut YETI from a “buy” rating to a “neutral” rating and cut their target price for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Piper Sandler restated 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 lifted their price target 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 restated a “hold” rating and set a $44.00 price objective on shares of YETI in a research note on Thursday, November 14th. Finally, B. Riley lifted their target price on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.46.

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.