Park Avenue Securities LLC Acquires New Position in YETI Holdings, Inc. (NYSE:YETI)

Park Avenue Securities LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,467 shares of the company’s stock, valued at approximately $326,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Green Alpha Advisors LLC increased its position in YETI by 4.6% during the 4th quarter. Green Alpha Advisors LLC now owns 12,464 shares of the company’s stock worth $480,000 after purchasing an additional 546 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in YETI by 8.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 40,092 shares of the company’s stock valued at $1,544,000 after purchasing an additional 3,262 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in YETI by 6.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock worth $179,000 after purchasing an additional 290 shares during the last quarter. Versant Capital Management Inc raised its holdings in YETI by 364.3% in the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock valued at $73,000 after acquiring an additional 1,479 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in YETI by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after buying an additional 62,619 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on YETI. KeyCorp cut their price target on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Piper Sandler restated an “overweight” rating and issued a $54.00 price objective (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. UBS Group decreased their target price on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 price target on shares of YETI in a report on Thursday, November 14th. Finally, TD Cowen dropped their target price on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, November 11th. One investment 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, YETI currently has an average rating of “Hold” and a consensus target price of $44.69.

YETI Stock Performance

Shares of YETI opened at $37.55 on Friday. The stock has a 50-day moving average of $39.60 and a 200-day moving average of $39.36. YETI Holdings, Inc. has a one year low of $33.41 and a one year high of $49.01. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. The company has a market cap of $3.18 billion, a PE ratio of 16.11, a P/E/G ratio of 1.07 and a beta of 2.14.

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.