YETI Holdings, Inc. (NYSE:YETI) Stock Holdings Reduced by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. lowered its position in YETI Holdings, Inc. (NYSE:YETI) by 28.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,174 shares of the company’s stock after selling 12,339 shares during the period. Lecap Asset Management Ltd.’s holdings in YETI were worth $1,201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division grew its holdings in YETI by 6.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock valued at $179,000 after purchasing an additional 290 shares during the last quarter. Pacer Advisors Inc. grew its stake in YETI by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock valued at $487,000 after buying an additional 332 shares during the last quarter. Blue Trust Inc. raised its holdings in YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after acquiring an additional 333 shares during the period. Covestor Ltd boosted its holdings in YETI by 13.5% during the third quarter. Covestor Ltd now owns 2,880 shares of the company’s stock valued at $118,000 after acquiring an additional 343 shares during the period. Finally, Peloton Wealth Strategists grew its position in shares of YETI by 0.4% in the third quarter. Peloton Wealth Strategists now owns 86,275 shares of the company’s stock valued at $3,540,000 after purchasing an additional 350 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently weighed in on YETI. TD Cowen decreased their target price on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. UBS Group cut their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Piper Sandler restated an “overweight” rating and issued a $54.00 price target (down from $55.00) on shares of YETI in a research report on Friday, November 8th. 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 given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $44.69.

YETI Trading Down 2.8 %

Shares of YETI opened at $36.33 on Friday. The stock has a fifty day moving average price of $39.22 and a two-hundred day moving average price of $39.24. The company has a market cap of $3.08 billion, a price-to-earnings 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 Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $49.01.

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.