Thrivent Financial for Lutherans Increases Position in YETI Holdings, Inc. (NYSE:YETI)

Thrivent Financial for Lutherans lifted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 29.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,747 shares of the company’s stock after acquiring an additional 6,152 shares during the quarter. Thrivent Financial for Lutherans’ holdings in YETI were worth $1,097,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of YETI. V Square Quantitative Management LLC purchased a new stake in shares of YETI during the 3rd quarter valued at $26,000. Versant Capital Management Inc increased its holdings in YETI by 571.8% during the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after buying an additional 709 shares during the last quarter. Blue Trust Inc. raised its position in YETI by 265.8% in the third 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 YETI in the second quarter valued at about $42,000. Finally, GAMMA Investing LLC grew its position in shares of YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after acquiring an additional 423 shares during the period.

YETI Trading Up 0.1 %

NYSE YETI opened at $40.37 on Monday. The firm has a market cap of $3.42 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.16 and a beta of 2.12. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $54.15. The stock has a 50-day moving average of $39.04 and a 200-day moving average of $39.43. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

YETI has been the topic of a number of recent research reports. 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 report on Friday, November 8th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 price objective on shares of YETI in a report on Thursday, November 14th. Bank of America downgraded shares of 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 research note on Wednesday, November 6th. TD Cowen dropped their price target on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. Finally, KeyCorp raised their price objective on shares of YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.