Victory Capital Management Inc. Cuts Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Victory Capital Management Inc. decreased its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 6.7% in the third quarter, HoldingsChannel reports. The firm owned 136,761 shares of the company’s stock after selling 9,757 shares during the quarter. Victory Capital Management Inc.’s holdings in YETI were worth $5,611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BOKF NA lifted its stake in YETI by 12,075.3% in the first quarter. BOKF NA now owns 18,263 shares of the company’s stock worth $701,000 after purchasing an additional 18,113 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of YETI by 65.8% during the first quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock valued at $2,630,000 after acquiring an additional 27,076 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of YETI by 26,657.7% during the third quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock valued at $1,790,000 after acquiring an additional 43,452 shares in the last quarter. Schwartz Investment Counsel Inc. raised its stake in shares of YETI by 7.5% during the third quarter. Schwartz Investment Counsel Inc. now owns 362,150 shares of the company’s stock valued at $14,859,000 after acquiring an additional 25,300 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of YETI during the first quarter valued at approximately $1,987,000.

YETI Price Performance

NYSE YETI opened at $39.62 on Friday. The firm’s fifty day simple moving average is $38.96 and its two-hundred day simple moving average is $39.37. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $54.15. The firm has a market capitalization of $3.36 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.10 and a beta of 2.12.

Analyst Upgrades and Downgrades

YETI has been the subject of several research analyst reports. Roth Mkm lifted their price target on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Citigroup decreased their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. TD Cowen cut their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Finally, 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. 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 stock. According to MarketBeat, the company 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.