Sumitomo Mitsui DS Asset Management Company Ltd Sells 675 Shares of YETI Holdings, Inc. (NYSE:YETI)

Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,503 shares of the company’s stock after selling 675 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned about 0.11% of YETI worth $3,678,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new stake in YETI in the third quarter worth $26,000. Blue Trust Inc. boosted its position in shares of YETI by 265.8% during the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after purchasing an additional 630 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI in the 3rd quarter valued at about $38,000. GAMMA Investing LLC increased its position in YETI by 52.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after buying an additional 423 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in YETI by 48.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock worth $63,000 after buying an additional 500 shares during the period.

YETI Price Performance

Shares of NYSE YETI opened at $36.33 on Monday. The company has a market capitalization of $3.08 billion, a PE ratio of 15.59, a PEG ratio of 1.06 and a beta of 2.13. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $39.22 and its 200-day moving average price is $39.27. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $49.01.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on YETI. UBS Group reduced their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 price target on shares of YETI in a research report on Thursday, November 14th. Piper Sandler restated an “overweight” rating and set a $54.00 price objective (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Bank of America cut shares of YETI from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. Finally, TD Cowen lowered their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.69.

About YETI

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.