Y Intercept Hong Kong Ltd Has $853,000 Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Y Intercept Hong Kong Ltd raised its holdings in YETI Holdings, Inc. (NYSE:YETI) by 246.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,789 shares of the company’s stock after buying an additional 14,782 shares during the period. Y Intercept Hong Kong Ltd’s holdings in YETI were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Algert Global LLC grew its holdings in YETI by 443.0% during the third quarter. Algert Global LLC now owns 47,550 shares of the company’s stock worth $1,951,000 after buying an additional 38,793 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of YETI by 26,657.7% in the 3rd quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock worth $1,790,000 after acquiring an additional 43,452 shares in the last quarter. Qsemble Capital Management LP grew its stake in shares of YETI by 320.3% in the 3rd quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock worth $1,090,000 after acquiring an additional 20,253 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of YETI in the third quarter valued at about $1,415,000. Finally, Schwartz Investment Counsel Inc. lifted its position in shares of YETI by 7.5% during the third quarter. Schwartz Investment Counsel Inc. now owns 362,150 shares of the company’s stock valued at $14,859,000 after purchasing an additional 25,300 shares in the last quarter.

YETI Trading Down 0.0 %

Shares of YETI stock opened at $44.18 on Friday. The stock has a market capitalization of $3.75 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.39 and a beta of 2.15. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $54.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The stock’s 50-day simple moving average is $39.60 and its 200 day simple moving average is $39.68.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on YETI shares. 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 research note on Monday, November 11th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research report 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. Finally, Bank of America lowered YETI from a “buy” rating to a “neutral” rating and decreased their target price for the company from $55.00 to $40.00 in a research 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, YETI has an average rating of “Hold” and an average price target of $45.46.

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.