Tower Research Capital LLC TRC Sells 3,142 Shares of YETI Holdings, Inc. (NYSE:YETI)

Tower Research Capital LLC TRC reduced its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 47.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,535 shares of the company's stock after selling 3,142 shares during the period. Tower Research Capital LLC TRC's holdings in YETI were worth $141,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in YETI. Capital World Investors raised its position in shares of YETI by 23.4% in the 1st quarter. Capital World Investors now owns 7,266,836 shares of the company's stock worth $435,865,000 after acquiring an additional 1,376,536 shares in the last quarter. Macquarie Group Ltd. increased its position in YETI by 65.7% in the 4th quarter. Macquarie Group Ltd. now owns 2,025,487 shares of the company's stock valued at $83,673,000 after buying an additional 803,110 shares in the last quarter. Capital International Investors increased its position in YETI by 67.3% in the 1st quarter. Capital International Investors now owns 1,795,128 shares of the company's stock valued at $107,672,000 after buying an additional 721,816 shares in the last quarter. Millennium Management LLC increased its position in YETI by 427.0% in the 4th quarter. Millennium Management LLC now owns 825,710 shares of the company's stock valued at $34,110,000 after buying an additional 669,027 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in YETI in the 1st quarter valued at about $33,133,000.

NYSE:YETI opened at $48.57 on Thursday. The company has a current ratio of 2.09, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.21 billion, a PE ratio of 63.91, a price-to-earnings-growth ratio of 2.41 and a beta of 2.45. The firm's 50 day moving average is $41.95 and its 200 day moving average is $40.02. YETI Holdings, Inc. has a 12 month low of $27.86 and a 12 month high of $49.23.

A number of analysts recently commented on the company. Canaccord Genuity Group boosted their target price on YETI from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, August 11th. KeyCorp downgraded YETI from a "sector weight" rating to an "underweight" rating and set a $34.00 price target for the company. in a research note on Monday, July 17th. Bank of America lifted their price target on YETI from $45.00 to $50.00 in a research note on Friday, August 11th. Roth Mkm reiterated a "neutral" rating and set a $46.00 price target on shares of YETI in a research note on Wednesday, August 16th. Finally, Raymond James lifted their price target on YETI from $48.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, YETI currently has a consensus rating of "Hold" and a consensus price target of $50.53.

View Our Latest Stock Analysis on YETI

YETI Holdings, Inc designs, markets, 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. The company also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, straw mugs and cups, bottles, jugs, and water bottles, as well as accessories comprising bottle straw and chug caps, lids, straw lids, color packs, tumbler handles, and jug mounts under the Rambler brand.

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