HighTower Advisors LLC Sells 2,305 Shares of YETI Holdings, Inc. (NYSE:YETI)

HighTower Advisors LLC lessened its position in YETI Holdings, Inc. (NYSE:YETI) by 26.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,493 shares of the company’s stock after selling 2,305 shares during the quarter. HighTower Advisors LLC’s holdings in YETI were worth $263,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in YETI. Raymond James & Associates boosted its holdings in YETI by 10.3% during the 2nd quarter. Raymond James & Associates now owns 145,588 shares of the company’s stock valued at $5,554,000 after acquiring an additional 13,641 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of YETI by 225.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 176,247 shares of the company’s stock valued at $6,724,000 after purchasing an additional 122,046 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of YETI by 7.4% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 29,123 shares of the company’s stock worth $1,111,000 after purchasing an additional 2,005 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in YETI by 0.6% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 92,619 shares of the company’s stock worth $3,533,000 after buying an additional 547 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in YETI by 17.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,768 shares of the company’s stock valued at $716,000 after buying an additional 2,769 shares in the last quarter.

YETI Trading Up 0.1 %

YETI stock opened at $39.44 on Tuesday. The firm has a market cap of $3.35 billion, a PE ratio of 16.93, a P/E/G ratio of 1.37 and a beta of 2.15. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $53.90. The stock’s 50 day simple moving average is $39.53 and its two-hundred day simple moving average is $39.67. 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 Ratings Changes

YETI has been the topic of several research reports. TD Cowen cut their price target on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. Piper Sandler restated an “overweight” rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $44.00 target price on shares of YETI in a report on Thursday, November 14th. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.