Qsemble Capital Management LP Acquires 20,253 Shares of YETI Holdings, Inc. (NYSE:YETI)

Qsemble Capital Management LP boosted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 320.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,576 shares of the company’s stock after acquiring an additional 20,253 shares during the quarter. Qsemble Capital Management LP’s holdings in YETI were worth $1,090,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of YETI. V Square Quantitative Management LLC bought a new position in shares of YETI in the third quarter worth approximately $26,000. Versant Capital Management Inc grew its stake in YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after buying an additional 709 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after buying an additional 630 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of YETI during the 2nd quarter valued at $42,000. Finally, GAMMA Investing LLC lifted its holdings in shares of YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after acquiring an additional 423 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Bank of America cut YETI from a “buy” rating to a “neutral” rating and reduced their target price for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. KeyCorp upped their price target on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. TD Cowen decreased their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. Citigroup cut their target price on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, Roth Mkm increased their price target 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, YETI has a consensus rating of “Hold” and a consensus price target of $45.46.

YETI Stock Performance

Shares of YETI opened at $39.82 on Wednesday. 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 market cap of $3.38 billion, a P/E ratio of 17.09, a P/E/G ratio of 1.17 and a beta of 2.12. The business’s 50 day moving average price is $38.98 and its 200-day moving average price is $39.43. YETI Holdings, Inc. has a 52 week low of $33.41 and a 52 week high of $54.15.

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.