Quest Partners LLC Increases Stake in YETI Holdings, Inc. (NYSE:YETI)

Quest Partners LLC increased its position in YETI Holdings, Inc. (NYSE:YETI) by 271.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,283 shares of the company’s stock after acquiring an additional 6,054 shares during the quarter. Quest Partners LLC’s holdings in YETI were worth $340,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in shares of YETI during the 3rd quarter valued at about $26,000. Versant Capital Management Inc increased its stake in shares of YETI by 571.8% during the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after buying an additional 709 shares during the period. Blue Trust Inc. increased its stake in shares of YETI by 265.8% during the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after buying an additional 630 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in YETI in the second quarter worth $42,000. Finally, GAMMA Investing LLC grew 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 purchasing an additional 423 shares during the period.

YETI Stock Performance

NYSE:YETI opened at $40.52 on Tuesday. 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 stock has a 50-day moving average price of $38.98 and a 200 day moving average price of $39.43. The stock has a market capitalization of $3.44 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.14 and a beta of 2.12.

Analysts Set New Price Targets

A number of research firms have recently commented on YETI. Roth Mkm increased their target price on YETI from $42.00 to $43.00 and gave the stock 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 from $55.00) on shares of YETI in a report on Friday, November 8th. TD Cowen lowered their target price on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 target price on shares of YETI in a report on Thursday, November 14th. Finally, KeyCorp increased their target price on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.