Public Employees Retirement System of Ohio Reduces Stake in YETI Holdings, Inc. (NYSE:YETI)

Public Employees Retirement System of Ohio cut its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,073 shares of the company’s stock after selling 1,460 shares during the period. Public Employees Retirement System of Ohio’s holdings in YETI were worth $4,270,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YETI. Y Intercept Hong Kong Ltd raised its holdings in YETI by 246.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,789 shares of the company’s stock worth $853,000 after purchasing an additional 14,782 shares in the last quarter. Stifel Financial Corp increased its position in shares of YETI by 42.5% during the third quarter. Stifel Financial Corp now owns 19,219 shares of the company’s stock valued at $789,000 after buying an additional 5,731 shares during the period. Safe Harbor Fiduciary LLC bought a new position in YETI in the third quarter worth about $119,000. Quadrature Capital Ltd purchased a new stake in YETI in the third quarter worth about $238,000. Finally, Quarry LP boosted its position in YETI by 209.8% during the 3rd quarter. Quarry LP now owns 1,927 shares of the company’s stock valued at $79,000 after acquiring an additional 1,305 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on YETI shares. Piper Sandler restated an “overweight” rating and issued a $54.00 target price (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Bank of America cut shares of YETI from a “buy” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. TD Cowen decreased their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.46.

YETI Stock Performance

Shares of YETI opened at $44.19 on Friday. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month high of $54.15. The business’s fifty day simple moving average is $39.60 and its two-hundred day simple moving average is $39.69. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.37 and a beta of 2.15.

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.