Summit Trail Advisors LLC Invests $331,000 in YETI Holdings, Inc. (NYSE:YETI)

Summit Trail Advisors LLC bought a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,603 shares of the company’s stock, valued at approximately $331,000.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after acquiring an additional 423 shares during the last quarter. CWM LLC boosted its holdings in YETI by 135.0% during the third quarter. CWM LLC now owns 5,125 shares of the company’s stock worth $210,000 after purchasing an additional 2,944 shares during the last quarter. Exchange Traded Concepts LLC grew its position in YETI by 48.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock worth $63,000 after purchasing an additional 500 shares in the last quarter. nVerses Capital LLC increased its stake in YETI by 61.8% in the 3rd quarter. nVerses Capital LLC now owns 5,500 shares of the company’s stock valued at $226,000 after buying an additional 2,100 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in YETI by 3.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 96,178 shares of the company’s stock valued at $3,946,000 after buying an additional 3,559 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on YETI. KeyCorp reduced their target price on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Piper Sandler restated an “overweight” rating and issued a $54.00 price objective (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 target price on shares of YETI in a research report on Thursday, November 14th. UBS Group cut their price target 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. Finally, Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. One equities research 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $44.69.

YETI Stock Performance

NYSE YETI opened at $37.93 on Thursday. The company’s 50 day moving average is $38.95 and its 200-day moving average is $39.24. The firm has a market cap of $3.22 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.06 and a beta of 2.13. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $48.76. 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 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.