SG Americas Securities LLC Boosts Stock Position in YETI Holdings, Inc. (NYSE:YETI)

SG Americas Securities LLC grew its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 42.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,604 shares of the company’s stock after buying an additional 4,981 shares during the quarter. SG Americas Securities LLC’s holdings in YETI were worth $639,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in YETI. Fort Washington Investment Advisors Inc. OH boosted its stake in YETI by 6.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 505,530 shares of the company’s stock valued at $19,468,000 after acquiring an additional 30,040 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of YETI during the fourth quarter worth about $326,000. Green Alpha Advisors LLC grew its stake in YETI by 4.6% in the fourth 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. increased its holdings in YETI by 8.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 40,092 shares of the company’s stock valued at $1,544,000 after buying an additional 3,262 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in YETI by 6.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock valued at $179,000 after buying an additional 290 shares in the last quarter.

YETI Stock Performance

Shares of NYSE YETI opened at $38.34 on Friday. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $49.01. The company has a market cap of $3.25 billion, a PE ratio of 16.45, a P/E/G ratio of 1.07 and a beta of 2.14. The stock has a 50 day simple moving average of $39.62 and a 200-day simple moving average of $39.33. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

Several brokerages have recently commented on YETI. Bank of America lowered YETI from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. TD Cowen decreased their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. Piper Sandler reissued an “overweight” rating and set a $54.00 target price (down from $55.00) on shares of YETI in a report on Friday, November 8th. UBS Group decreased their price target on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 price objective on shares of YETI in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $44.69.

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.