Bank of Montreal Can Sells 28,458 Shares of YETI Holdings, Inc. (NYSE:YETI)

Bank of Montreal Can trimmed its position in shares of YETI Holdings, Inc. (NYSE:YETI – Get Rating) by 41.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,761 shares of the company’s stock after selling 28,458 shares during the quarter. Bank of Montreal Can’s holdings in YETI were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its stake in shares of YETI by 74.5% in the 3rd quarter. CWM LLC now owns 1,591 shares of the company’s stock worth $45,000 after purchasing an additional 679 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in shares of YETI by 67.0% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock valued at $45,000 after purchasing an additional 300 shares in the last quarter. US Bancorp DE grew its position in shares of YETI by 35.4% during the third quarter. US Bancorp DE now owns 1,730 shares of the company’s stock valued at $49,000 after purchasing an additional 452 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of YETI during the second quarter valued at about $61,000. Finally, Quadrant Capital Group LLC grew its position in shares of YETI by 51.7% during the second quarter. Quadrant Capital Group LLC now owns 1,732 shares of the company’s stock valued at $75,000 after purchasing an additional 590 shares in the last quarter. 94.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on YETI. UBS Group cut their price objective on YETI to $45.00 in a research report on Wednesday, November 16th. Credit Suisse Group lowered their price target on shares of YETI from $62.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, February 24th. Piper Sandler lowered their price target on shares of YETI from $57.00 to $55.00 in a report on Friday, February 17th. Morgan Stanley lowered their price target on shares of YETI from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Monday. Finally, The Goldman Sachs Group downgraded shares of YETI from a “buy” rating to a “neutral” rating and lowered their price target for the company from $51.00 to $43.00 in a report on Friday, February 24th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.17.

YETI Stock Performance

Shares of YETI stock opened at $37.94 on Thursday. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 0.99 and a beta of 2.48. The company’s 50 day moving average is $42.45 and its 200 day moving average is $38.96. The company has a quick ratio of 0.85, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. YETI Holdings, Inc. has a 52-week low of $27.86 and a 52-week high of $65.46.

YETI Profile

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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.