Versant Capital Management Inc Raises Position in YETI Holdings, Inc. (NYSE:YETI)

Versant Capital Management Inc increased its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 364.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,885 shares of the company’s stock after buying an additional 1,479 shares during the quarter. Versant Capital Management Inc’s holdings in YETI were worth $73,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of YETI in the third quarter valued at about $26,000. Blue Trust Inc. lifted 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 buying an additional 630 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of YETI in the third quarter valued at approximately $38,000. Ashton Thomas Private Wealth LLC bought a new stake in YETI during the second quarter worth $42,000. Finally, GAMMA Investing LLC boosted its position in YETI by 52.9% in the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after purchasing an additional 423 shares during the last quarter.

YETI Stock Up 1.6 %

YETI stock opened at $38.12 on Monday. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $49.01. The firm has a market capitalization of $3.23 billion, a PE ratio of 16.36, a PEG ratio of 1.37 and a beta of 2.14. 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 has a 50-day simple moving average of $39.63 and a two-hundred day simple moving average of $39.46.

Analyst Upgrades and Downgrades

YETI has been the topic of a number of research analyst reports. TD Cowen cut their price target 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. Canaccord Genuity Group reissued a “hold” rating and set a $44.00 target price on shares of YETI in a research report on Thursday, November 14th. Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Finally, Piper Sandler reissued an “overweight” rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.08.

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.