Northwest & Ethical Investments L.P. Sells 3,383 Shares of YETI Holdings, Inc. (NYSE:YETI)

Northwest & Ethical Investments L.P. trimmed its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,876 shares of the company’s stock after selling 3,383 shares during the period. Northwest & Ethical Investments L.P. owned about 0.05% of YETI worth $1,882,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in YETI. V Square Quantitative Management LLC bought a new stake in shares of YETI during the 3rd quarter worth $26,000. Versant Capital Management Inc raised its stake in YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after acquiring an additional 709 shares during the period. Blue Trust Inc. raised its stake in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after acquiring an additional 630 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in YETI in the 2nd quarter valued at about $42,000. Finally, GAMMA Investing LLC raised its stake in YETI by 52.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after acquiring an additional 423 shares during the period.

YETI Stock Up 0.1 %

Shares of NYSE YETI opened at $40.39 on Friday. YETI Holdings, Inc. has a 12 month low of $33.41 and a 12 month 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 firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.16 and a beta of 2.12. The business has a 50-day moving average of $39.03 and a 200-day moving average of $39.45.

Wall Street Analysts Forecast Growth

YETI has been the topic of a number of research reports. B. Riley boosted their price objective on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. KeyCorp boosted their price objective on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. TD Cowen lowered their price objective on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. Bank of America cut YETI from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $44.00 target price on shares of YETI in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $45.46.

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.