Lecap Asset Management Ltd. Purchases New Position in YETI Holdings, Inc. (NYSE:YETI)

Lecap Asset Management Ltd. purchased a new position in YETI Holdings, Inc. (NYSE:YETI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,513 shares of the company’s stock, valued at approximately $1,785,000. Lecap Asset Management Ltd. owned approximately 0.05% of YETI at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of YETI. V Square Quantitative Management LLC bought a new position in shares of YETI in the 3rd quarter worth approximately $26,000. Crewe Advisors LLC bought a new position in YETI in the first quarter worth $27,000. Versant Capital Management Inc lifted its position in YETI by 571.8% during the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after buying an additional 709 shares during the period. Blue Trust Inc. boosted its holdings in shares of YETI by 265.8% during the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after buying an additional 630 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of YETI in the 1st quarter worth about $35,000.

Analyst Ratings Changes

Several research firms recently commented on YETI. KeyCorp boosted their price objective on shares of YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. Canaccord Genuity Group restated a “hold” rating and issued a $44.00 price target on shares of YETI in a research note on Monday, September 30th. Piper Sandler reiterated an “overweight” rating and set a $54.00 price objective on shares of YETI in a research note on Tuesday, July 30th. Jefferies Financial Group increased their target price on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, B. Riley lifted their price target on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, YETI has a consensus rating of “Hold” and a consensus price target of $46.77.

YETI Stock Performance

Shares of YETI stock opened at $36.58 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $39.82 and a 200-day moving average price of $39.25. YETI Holdings, Inc. has a 52 week low of $33.88 and a 52 week high of $54.15. The firm has a market capitalization of $3.12 billion, a PE ratio of 18.20, a P/E/G ratio of 1.11 and a beta of 2.11.

YETI (NYSE:YETI) last posted its earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. YETI had a net margin of 10.66% and a return on equity of 28.83%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. As a group, equities research analysts expect that YETI Holdings, Inc. will post 2.35 earnings per share for the current year.

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.