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

Qsemble Capital Management LP lifted its position in YETI Holdings, Inc. (NYSE:YETI) by 320.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,576 shares of the company’s stock after buying an additional 20,253 shares during the period. Qsemble Capital Management LP’s holdings in YETI were worth $1,090,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in YETI by 311.4% in the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after buying an additional 1,488,994 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of YETI in the second quarter worth approximately $23,166,000. WCM Investment Management LLC grew its stake in shares of YETI by 655.4% in the third quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock worth $20,701,000 after acquiring an additional 441,516 shares during the period. Millennium Management LLC raised its holdings in shares of YETI by 54.8% during the second quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock valued at $31,183,000 after purchasing an additional 289,298 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in YETI by 76.2% during the second quarter. Marshall Wace LLP now owns 607,551 shares of the company’s stock valued at $23,178,000 after purchasing an additional 262,829 shares during the period.

YETI Price Performance

NYSE: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. YETI Holdings, Inc. has a 52 week low of $33.41 and a 52 week high of $54.15. The business’s 50-day simple moving average is $38.98 and its two-hundred day simple moving average is $39.43. The stock has a market cap of $3.38 billion, a PE ratio of 17.09, a P/E/G ratio of 1.17 and a beta of 2.12.

Analyst Ratings Changes

Several research firms have recently weighed in on YETI. TD Cowen lowered their price target on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Citigroup lowered their target price on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. B. Riley raised their price objective on shares of YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Roth Mkm upped their target price on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, August 9th. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $45.46.

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.