MML Investors Services LLC Sells 1,180 Shares of YETI Holdings, Inc. (NYSE:YETI)

MML Investors Services LLC decreased its holdings in YETI Holdings, Inc. (NYSE:YETI) by 12.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,200 shares of the company’s stock after selling 1,180 shares during the period. MML Investors Services LLC’s holdings in YETI were worth $336,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp increased its holdings in shares of YETI by 42.5% during the 3rd quarter. Stifel Financial Corp now owns 19,219 shares of the company’s stock worth $789,000 after acquiring an additional 5,731 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of YETI in the third quarter valued at $119,000. Quadrature Capital Ltd bought a new position in shares of YETI in the third quarter valued at about $238,000. Quarry LP raised its position in shares of YETI by 209.8% in the third quarter. Quarry LP now owns 1,927 shares of the company’s stock valued at $79,000 after purchasing an additional 1,305 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in shares of YETI by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company’s stock worth $31,353,000 after buying an additional 156,926 shares during the last quarter.

YETI Trading Down 0.3 %

YETI opened at $39.31 on Wednesday. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 1.37 and a beta of 2.15. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $53.90. The company has a 50-day simple moving average of $39.45 and a 200 day simple moving average of $39.62.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on YETI shares. Piper Sandler reissued an “overweight” rating and issued a $54.00 price target (down from $55.00) on shares of YETI in a report on Friday, November 8th. Bank of America lowered YETI from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group restated a “hold” rating and issued a $44.00 price target on shares of YETI in a research note on Thursday, November 14th. Finally, TD Cowen lowered their price objective 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $45.46.

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.