Northwest & Ethical Investments L.P. Cuts Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Northwest & Ethical Investments L.P. lowered its position in YETI Holdings, Inc. (NYSE:YETI) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,876 shares of the company’s stock after selling 3,383 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in YETI were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in YETI in the third quarter worth approximately $26,000. Versant Capital Management Inc boosted its stake in YETI by 571.8% in the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after buying an additional 709 shares in the last quarter. Blue Trust Inc. boosted its stake in YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after buying an additional 630 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in YETI in the second quarter worth approximately $42,000. Finally, GAMMA Investing LLC boosted its stake in YETI by 52.9% in the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after buying an additional 423 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on YETI shares. Bank of America lowered YETI from a “buy” rating to a “neutral” rating and cut their target price for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. Citigroup lowered their price objective on YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Piper Sandler reiterated an “overweight” rating and issued a $54.00 price objective (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. B. Riley boosted their price objective on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Finally, TD Cowen lowered their price objective on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, YETI 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 stock has a fifty day moving average of $39.03 and a 200 day moving average of $39.45. YETI Holdings, Inc. has a 52 week low of $33.41 and a 52 week high of $54.15. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.16 and a beta of 2.12. 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 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.