Maverick Capital Ltd. Makes New $2.44 Million Investment in YETI Holdings, Inc. (NYSE:YETI)

Maverick Capital Ltd. purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,450 shares of the company’s stock, valued at approximately $2,439,000.

A number of other institutional investors have also recently bought and sold shares of the business. Edgestream Partners L.P. acquired a new position in YETI during the third quarter worth approximately $3,506,000. PDT Partners LLC acquired a new position in YETI during the third quarter worth approximately $1,508,000. Verition Fund Management LLC increased its position in YETI by 855.1% during the third quarter. Verition Fund Management LLC now owns 183,630 shares of the company’s stock worth $7,534,000 after buying an additional 164,404 shares during the last quarter. Captrust Financial Advisors increased its position in YETI by 5.5% during the third quarter. Captrust Financial Advisors now owns 9,472 shares of the company’s stock worth $389,000 after buying an additional 496 shares during the last quarter. Finally, De Lisle Partners LLP acquired a new position in YETI during the third quarter worth approximately $533,000.

Wall Street Analyst Weigh In

YETI has been the topic of a number of recent analyst reports. Roth Mkm boosted their price target on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $44.00 target price on shares of YETI in a research report on Thursday, November 14th. Citigroup cut their target price on YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. KeyCorp raised their target price on YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. Finally, 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 report on Wednesday, November 6th. One 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.46.

YETI Stock Performance

Shares of YETI stock opened at $40.39 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $39.03 and a two-hundred day moving average price of $39.45. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $54.15. The company has a market cap of $3.43 billion, a P/E ratio of 17.33, a PEG ratio of 1.16 and a beta of 2.12.

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.