Verition Fund Management LLC Acquires 164,404 Shares of YETI Holdings, Inc. (NYSE:YETI)

Verition Fund Management LLC grew its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 855.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,630 shares of the company’s stock after buying an additional 164,404 shares during the quarter. Verition Fund Management LLC owned approximately 0.22% of YETI worth $7,534,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. American Century Companies Inc. increased its holdings in YETI by 311.4% during the second 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 during the last quarter. Van Berkom & Associates Inc. grew its position in shares of YETI by 5.8% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,918,642 shares of the company’s stock valued at $73,196,000 after acquiring an additional 105,859 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of YETI by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock worth $56,351,000 after purchasing an additional 179,005 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of YETI by 18.3% in the 3rd quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock valued at $43,929,000 after purchasing an additional 165,458 shares during the period. Finally, Millennium Management LLC grew its holdings in YETI by 54.8% during the second quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock worth $31,183,000 after purchasing an additional 289,298 shares during the period.

YETI Trading Up 0.1 %

Shares of YETI stock opened at $40.37 on Monday. The stock has a 50 day simple moving average of $39.04 and a 200 day simple moving average of $39.43. YETI Holdings, Inc. has a 1 year low of $33.41 and a 1 year high of $54.15. 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 stock has a market cap of $3.42 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.16 and a beta of 2.15.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on YETI shares. Roth Mkm upped their price objective on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 price target on shares of YETI in a report on Thursday, November 14th. KeyCorp upped their price objective on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Citigroup cut their target price on shares of YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, B. Riley upped their price target on shares of YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. One investment 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. According to data from MarketBeat.com, YETI presently has an average rating of “Hold” and an average 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.