Ieq Capital LLC Makes New $447,000 Investment in YETI Holdings, Inc. (NYSE:YETI)

Posted by on Apr 30th, 2023

Ieq Capital LLC purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETI – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,821 shares of the company’s stock, valued at approximately $447,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its position in YETI by 2.4% during the 4th quarter. Bank of Montreal Can now owns 41,745 shares of the company’s stock worth $1,728,000 after acquiring an additional 984 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in shares of YETI by 19.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 60,098 shares of the company’s stock valued at $1,714,000 after buying an additional 9,662 shares during the period. Centiva Capital LP acquired a new position in shares of YETI in the 3rd quarter valued at about $244,000. Quantinno Capital Management LP lifted its holdings in shares of YETI by 48.3% in the 3rd quarter. Quantinno Capital Management LP now owns 10,152 shares of the company’s stock valued at $290,000 after buying an additional 3,307 shares during the period. Finally, Duality Advisers LP acquired a new position in shares of YETI in the 3rd quarter valued at about $321,000. Institutional investors and hedge funds own 94.24% of the company’s stock.

Wall Street Analyst Weigh In

YETI has been the subject of several analyst reports. Morgan Stanley decreased their price objective on YETI from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Monday, February 27th. Robert W. Baird decreased their price objective on YETI from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, February 24th. Piper Sandler decreased their price objective on YETI from $57.00 to $55.00 in a report on Friday, February 17th. Credit Suisse Group cut their price target on YETI from $62.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, February 24th. Finally, Roth Capital restated a “neutral” rating on shares of YETI in a research note on Wednesday, February 22nd. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, YETI has a consensus rating of “Moderate Buy” and an average price target of $52.82.

YETI Trading Up 0.9 %

Shares of YETI stock opened at $39.45 on Friday. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 1.48 and a beta of 2.49. YETI Holdings, Inc. has a fifty-two week low of $27.86 and a fifty-two week high of $55.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.85 and a current ratio of 1.76. The stock has a 50 day moving average of $38.83 and a 200 day moving average of $39.84.

About YETI

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YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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