Victory Capital Management Inc. Sells 9,757 Shares of YETI Holdings, Inc. (NYSE:YETI)

Victory Capital Management Inc. lessened its stake in YETI Holdings, Inc. (NYSE:YETI) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,761 shares of the company’s stock after selling 9,757 shares during the period. Victory Capital Management Inc. owned about 0.16% of YETI worth $5,611,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of YETI. V Square Quantitative Management LLC bought a new position in YETI during the 3rd quarter valued at approximately $26,000. Versant Capital Management Inc grew its holdings in shares of YETI by 571.8% during the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after acquiring an additional 709 shares during the period. Blue Trust Inc. grew its holdings in shares of YETI by 265.8% during the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after acquiring an additional 630 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of YETI during the 2nd quarter worth approximately $42,000. Finally, GAMMA Investing LLC grew its holdings in shares of YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after acquiring an additional 423 shares during the period.

YETI Price Performance

Shares of YETI stock opened at $39.62 on Friday. YETI Holdings, Inc. has a one year low of $33.41 and a one year high of $54.15. The stock’s fifty day moving average is $38.96 and its 200 day moving average is $39.37. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on YETI. Bank of America downgraded 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. KeyCorp upped their price target on YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. Citigroup cut their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Canaccord Genuity Group restated a “hold” rating and issued a $44.00 price target on shares of YETI in a research note on Thursday, November 14th. Finally, TD Cowen cut their target price on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.46.

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.