Peloton Wealth Strategists Has $3.54 Million Holdings in YETI Holdings, Inc. (NYSE:YETI)

Peloton Wealth Strategists lifted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,275 shares of the company’s stock after buying an additional 350 shares during the quarter. YETI comprises approximately 1.4% of Peloton Wealth Strategists’ investment portfolio, making the stock its 29th biggest holding. Peloton Wealth Strategists owned about 0.10% of YETI worth $3,540,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cetera Advisors LLC bought a new position in YETI during the first quarter worth about $201,000. Envestnet Portfolio Solutions Inc. acquired a new position in YETI during the second quarter valued at approximately $210,000. Sumitomo Life Insurance Co. increased its stake in YETI by 5.6% in the second quarter. Sumitomo Life Insurance Co. now owns 36,877 shares of the company’s stock valued at $1,407,000 after purchasing an additional 1,966 shares in the last quarter. Raymond James & Associates raised its holdings in YETI by 10.3% in the second quarter. Raymond James & Associates now owns 145,588 shares of the company’s stock worth $5,554,000 after purchasing an additional 13,641 shares during the period. Finally, Leeward Investments LLC MA increased its position in shares of YETI by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 124,735 shares of the company’s stock valued at $4,759,000 after buying an additional 6,605 shares in the last quarter.

YETI Stock Up 2.0 %

YETI stock opened at $42.44 on Monday. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $54.15. The stock has a market cap of $3.60 billion, a P/E ratio of 18.21, a P/E/G ratio of 1.32 and a beta of 2.15. The company’s 50-day moving average price is $39.27 and its two-hundred day moving average price is $39.50. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on YETI shares. Piper Sandler reissued an “overweight” rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a research note on Friday, November 8th. Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 target price on shares of YETI in a report on Thursday, November 14th. TD Cowen reduced their price objective on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. Finally, Bank of America lowered YETI from a “buy” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, YETI currently 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.