Mutual of America Capital Management LLC Reduces Holdings in YETI Holdings, Inc. (NYSE:YETI)

Mutual of America Capital Management LLC lowered its holdings in YETI Holdings, Inc. (NYSE:YETI) by 6.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,752 shares of the company’s stock after selling 3,052 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of YETI worth $1,877,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in YETI. Covestor Ltd boosted its holdings in YETI by 13.5% in the third quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $118,000 after purchasing an additional 343 shares during the period. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 423 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of YETI by 1.6% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,965 shares of the company’s stock worth $1,229,000 after purchasing an additional 465 shares during the period. Arizona State Retirement System lifted its holdings in shares of YETI by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock worth $928,000 after purchasing an additional 468 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in YETI by 0.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 146,236 shares of the company’s stock valued at $5,637,000 after purchasing an additional 480 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on YETI shares. Piper Sandler reissued an “overweight” rating and set a $54.00 target price (down from $55.00) on shares of YETI in a research note on Friday, November 8th. Bank of America lowered YETI from a “buy” rating to a “neutral” rating and cut their target price for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. Roth Mkm raised their price objective on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. 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. Finally, Citigroup lowered their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.46.

YETI Stock Performance

Shares of NYSE YETI opened at $39.61 on Monday. The stock has a market capitalization of $3.36 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.14 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 stock has a 50 day moving average price of $38.96 and a 200 day moving average price of $39.42. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58.

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.