Sumitomo Mitsui DS Asset Management Company Ltd Reduces Stake in YETI Holdings, Inc. (NYSE:YETI)

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 95,503 shares of the company’s stock after selling 675 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in YETI were worth $3,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of YETI. GAMMA Investing LLC boosted its position in YETI by 52.9% during 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 period. CWM LLC lifted its stake in shares of YETI by 135.0% during the 3rd quarter. CWM LLC now owns 5,125 shares of the company’s stock valued at $210,000 after buying an additional 2,944 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in YETI by 48.3% in 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. nVerses Capital LLC grew its stake in YETI by 61.8% in the 3rd quarter. nVerses Capital LLC now owns 5,500 shares of the company’s stock valued at $226,000 after buying an additional 2,100 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in YETI during the 3rd quarter valued at $26,000.

YETI Stock Performance

YETI stock opened at $36.33 on Monday. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $49.01. The firm’s fifty day moving average price is $39.22 and its 200-day moving average price is $39.27. The stock has a market cap of $3.08 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 1.06 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. TD Cowen reduced their price target on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. UBS Group reduced their target price on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and issued a $54.00 price target (down from $55.00) on shares of YETI in a report on Friday, November 8th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 price objective on shares of YETI in a research note on Thursday, November 14th. Finally, KeyCorp lowered their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.69.

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.