KBC Group NV Buys 760 Shares of YETI Holdings, Inc. (NYSE:YETI)

KBC Group NV lifted its stake in YETI Holdings, Inc. (NYSE:YETI) by 26.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,631 shares of the company’s stock after acquiring an additional 760 shares during the period. KBC Group NV’s holdings in YETI were worth $140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WCM Investment Management LLC lifted its stake in shares of YETI by 655.4% in the third quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock worth $20,701,000 after buying an additional 441,516 shares during the last quarter. Congress Asset Management Co. raised its holdings in YETI by 18.3% in the 3rd quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock worth $43,929,000 after acquiring an additional 165,458 shares during the period. Verition Fund Management LLC lifted its position in YETI by 855.1% during the 3rd quarter. Verition Fund Management LLC now owns 183,630 shares of the company’s stock worth $7,534,000 after acquiring an additional 164,404 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in YETI by 25.8% during the third quarter. Point72 Asset Management L.P. now owns 764,150 shares of the company’s stock valued at $31,353,000 after acquiring an additional 156,926 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of YETI by 92.9% in the third quarter. BNP Paribas Financial Markets now owns 264,838 shares of the company’s stock valued at $10,866,000 after purchasing an additional 127,518 shares during the last quarter.

YETI Stock Performance

NYSE:YETI opened at $37.40 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $39.30 and a 200 day moving average price of $39.25. The firm has a market capitalization of $3.17 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.06 and a beta of 2.14. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $49.01.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on YETI. Piper Sandler restated an “overweight” rating and set a $54.00 target price (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 price objective on shares of YETI in a research report on Thursday, November 14th. KeyCorp dropped their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. TD Cowen reduced their price target 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. Finally, UBS Group dropped their price objective on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One equities research 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $44.69.

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.