Amalgamated Bank Trims Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Amalgamated Bank lessened its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 25.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,908 shares of the company’s stock after selling 13,926 shares during the period. Amalgamated Bank’s holdings in YETI were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of YETI during the third quarter worth $26,000. Crewe Advisors LLC purchased a new position in shares of YETI during the first quarter worth $27,000. Versant Capital Management Inc raised its holdings in shares of YETI by 571.8% during the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after purchasing an additional 709 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of YETI by 265.8% during the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after purchasing an additional 630 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of YETI during the second quarter worth $42,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on YETI. TD Cowen cut their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday. Citigroup cut their price objective on shares of YETI from $49.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. KeyCorp lifted 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. Canaccord Genuity Group reissued a “hold” rating and set a $44.00 target price on shares of YETI in a research note on Monday, September 30th. Finally, B. Riley boosted their target price on shares of YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.46.

YETI Stock Performance

YETI opened at $41.40 on Wednesday. The firm has a market capitalization of $3.50 billion, a PE ratio of 17.77, a PEG ratio of 1.12 and a beta of 2.12. YETI Holdings, Inc. has a twelve month low of $33.41 and a twelve month high of $54.15. The firm’s 50-day moving average price is $38.80 and its 200 day moving average price is $39.23. The company has a current ratio of 2.58, a quick ratio of 1.22 and a debt-to-equity ratio of 0.10.

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.