Townsquare Capital LLC Purchases 10,750 Shares of YETI Holdings, Inc. (NYSE:YETI)

Townsquare Capital LLC lifted its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 25.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 52,847 shares of the company’s stock after acquiring an additional 10,750 shares during the quarter. Townsquare Capital LLC’s holdings in YETI were worth $2,168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of YETI by 311.4% in the second quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after purchasing an additional 1,488,994 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in YETI in the 2nd quarter valued at approximately $23,166,000. WCM Investment Management LLC lifted its position in shares of YETI by 655.4% during the third quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock worth $20,701,000 after acquiring an additional 441,516 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of YETI by 54.8% in the second quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock worth $31,183,000 after acquiring an additional 289,298 shares during the period. Finally, Marshall Wace LLP grew its position in shares of YETI by 76.2% in the second quarter. Marshall Wace LLP now owns 607,551 shares of the company’s stock valued at $23,178,000 after purchasing an additional 262,829 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on YETI. Bank of America cut YETI from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price objective (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Roth Mkm increased their target price on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Citigroup reduced their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, KeyCorp increased their price objective on YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, YETI currently has a consensus rating of “Hold” and a consensus target price of $45.46.

YETI Stock Performance

NYSE:YETI opened at $40.37 on Friday. YETI Holdings, Inc. has a 1-year low of $33.41 and a 1-year high of $54.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. The business has a 50 day moving average of $39.04 and a 200 day moving average of $39.45. The company has a market capitalization of $3.42 billion, a price-to-earnings 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.