Wealth Enhancement Advisory Services LLC Makes New $231,000 Investment in YETI Holdings, Inc. (NYSE:YETI)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,630 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds have also recently made changes to their positions in YETI. Texas Permanent School Fund Corp boosted its holdings in YETI by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 76,013 shares of the company’s stock worth $2,930,000 after acquiring an additional 984 shares in the last quarter. Quantbot Technologies LP purchased a new stake in YETI during the 1st quarter valued at about $880,000. SG Americas Securities LLC raised its holdings in YETI by 259.4% in the first quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock worth $816,000 after buying an additional 15,280 shares during the last quarter. Swiss National Bank lifted its stake in shares of YETI by 0.3% in the first quarter. Swiss National Bank now owns 171,400 shares of the company’s stock worth $6,607,000 after buying an additional 500 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in YETI during the 1st quarter valued at $76,000.

Analyst Upgrades and Downgrades

YETI has been the topic of a number of research analyst reports. TD Cowen lowered their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday. Roth Mkm upped their price objective on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Citigroup lowered their target price on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 price target on shares of YETI in a research report on Monday, September 30th. Finally, Piper Sandler reissued an “overweight” rating and issued a $54.00 price objective (down previously from $55.00) on shares of YETI in a report on Friday. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.46.

YETI Stock Performance

Shares of NYSE YETI opened at $41.30 on Tuesday. The company has a market cap of $3.50 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.12 and a beta of 2.12. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $54.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.22 and a current ratio of 2.58. The firm’s fifty day moving average is $38.75 and its two-hundred day moving average is $39.20.

About YETI

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.