Lecap Asset Management Ltd. Has $1.20 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Lecap Asset Management Ltd. lessened its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 28.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,174 shares of the company’s stock after selling 12,339 shares during the quarter. Lecap Asset Management Ltd.’s holdings in YETI were worth $1,201,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in YETI during the 3rd quarter worth about $26,000. Blue Trust Inc. raised its stake 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 buying an additional 630 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in YETI in the third quarter valued at approximately $38,000. GAMMA Investing LLC boosted its stake in YETI by 52.9% in the third 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 last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in YETI by 48.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock worth $63,000 after acquiring an additional 500 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. TD Cowen cut their price target 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 lowered YETI from a “buy” rating to a “neutral” rating and cut their target price for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. UBS Group decreased their target price on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. KeyCorp cut their price target on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 target price on shares of YETI in a report on Thursday, November 14th. One research 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’s stock. According to MarketBeat, YETI currently has a consensus rating of “Hold” and an average price target of $44.69.

YETI Stock Down 2.8 %

NYSE:YETI opened at $36.33 on Friday. The stock has a 50-day simple moving average of $39.22 and a 200 day simple moving average of $39.24. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $49.01. The company has a market cap of $3.08 billion, a PE ratio of 15.59, a PEG ratio of 1.06 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58.

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.