Truist Financial Corp Sells 19,999 Shares of YETI Holdings, Inc. $YETI

Truist Financial Corp lowered its stake in YETI Holdings, Inc. (NYSE:YETI) by 51.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,224 shares of the company’s stock after selling 19,999 shares during the quarter. Truist Financial Corp’s holdings in YETI were worth $638,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in YETI by 4,552.6% during the 2nd quarter. IFP Advisors Inc now owns 884 shares of the company’s stock worth $30,000 after acquiring an additional 865 shares during the period. True Wealth Design LLC increased its stake in shares of YETI by 141.1% in the third quarter. True Wealth Design LLC now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 518 shares in the last quarter. MAI Capital Management bought a new stake in shares of YETI during the 2nd quarter valued at $31,000. SJS Investment Consulting Inc. raised its position in shares of YETI by 7,876.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,356 shares of the company’s stock valued at $45,000 after purchasing an additional 1,339 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of YETI during the 2nd quarter valued at $52,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. William Blair reiterated an “outperform” rating on shares of YETI in a research note on Tuesday, November 11th. B. Riley Financial reaffirmed a “neutral” rating and issued a $35.00 price objective (up previously from $32.00) on shares of YETI in a research note on Monday, November 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $45.00 target price on shares of YETI in a research note on Tuesday, January 27th. Canaccord Genuity Group upped their price target on YETI from $37.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. Finally, Stifel Nicolaus increased their price objective on shares of YETI from $34.00 to $43.00 and gave the company a “hold” rating in a report on Friday, December 12th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, YETI has an average rating of “Hold” and an average target price of $44.42.

YETI Trading Up 0.7%

Shares of YETI opened at $47.38 on Thursday. The stock has a market capitalization of $3.69 billion, a PE ratio of 24.68, a P/E/G ratio of 2.59 and a beta of 1.77. The company’s fifty day moving average is $46.26 and its 200 day moving average is $39.37. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.16 and a current ratio of 2.16. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $51.29.

Insider Activity at YETI

In related news, SVP Bryan C. Barksdale sold 9,756 shares of YETI stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $45.32, for a total value of $442,141.92. Following the completion of the transaction, the senior vice president owned 56,397 shares in the company, valued at approximately $2,555,912.04. This trade represents a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.94% of the company’s stock.

About YETI

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.