Chicago Capital LLC Acquires Shares of 10,708 YETI Holdings, Inc. (NYSE:YETI)

Chicago Capital LLC bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,708 shares of the company’s stock, valued at approximately $412,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in YETI. V Square Quantitative Management LLC purchased a new stake in YETI during the 3rd quarter worth approximately $26,000. Blue Trust Inc. increased its position 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in YETI in the 3rd quarter valued at $38,000. GAMMA Investing LLC lifted its holdings in YETI by 52.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after purchasing an additional 423 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake 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 purchasing an additional 500 shares during the last quarter.

YETI Stock Down 3.4 %

YETI stock opened at $36.00 on Tuesday. The company has a market capitalization of $3.05 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.06 and a beta of 2.14. 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 Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $49.01. The firm has a 50 day moving average price of $39.48 and a 200 day moving average price of $39.29.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on YETI. TD Cowen decreased their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. Piper Sandler reiterated an “overweight” rating and set a $54.00 price objective (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. UBS Group dropped their target price on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Bank of America lowered YETI from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. Finally, KeyCorp cut their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. One equities 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $44.69.

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.