Point72 Asia Singapore Pte. Ltd. Has $384,000 Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 236.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,367 shares of the company’s stock after buying an additional 6,580 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in YETI were worth $384,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of YETI. Point72 Hong Kong Ltd boosted its holdings in shares of YETI by 3,094.3% during the third quarter. Point72 Hong Kong Ltd now owns 79,090 shares of the company’s stock worth $3,245,000 after purchasing an additional 76,614 shares during the period. Maverick Capital Ltd. purchased a new position in shares of YETI during the 3rd quarter valued at $2,439,000. Edgestream Partners L.P. acquired a new position in shares of YETI in the third quarter worth $3,506,000. PDT Partners LLC purchased a new stake in shares of YETI during the third quarter worth $1,508,000. Finally, Verition Fund Management LLC boosted its position in YETI by 855.1% during the third quarter. Verition Fund Management LLC now owns 183,630 shares of the company’s stock valued at $7,534,000 after purchasing an additional 164,404 shares during the last quarter.

YETI Trading Up 2.0 %

Shares of YETI stock opened at $41.18 on Tuesday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.16 and a beta of 2.15. YETI Holdings, Inc. has a 1 year low of $33.41 and a 1 year high of $54.15. The company’s fifty day simple moving average is $39.04 and its 200-day simple moving average is $39.42. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on YETI. B. Riley raised their price target on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 target price on shares of YETI in a research report on Thursday, November 14th. Piper Sandler restated an “overweight” rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Citigroup lowered their target price on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, TD Cowen decreased their price target on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. One equities research 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, the stock currently has a consensus rating of “Hold” and an average price target of $45.46.

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.