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

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

Other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in YETI during the 3rd quarter valued at approximately $26,000. Blue Trust Inc. increased its holdings in shares of YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after purchasing an additional 630 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of YETI during the third quarter worth approximately $38,000. GAMMA Investing LLC grew its position 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 buying an additional 423 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in YETI by 48.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock valued at $63,000 after buying an additional 500 shares during the last quarter.

YETI Stock Down 3.4 %

Shares of NYSE YETI opened at $36.00 on Tuesday. The firm’s 50-day moving average is $39.48 and its two-hundred day moving average is $39.29. 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. YETI Holdings, Inc. has a 12-month low of $33.41 and a 12-month high of $49.01. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45.

Analyst Ratings Changes

Several brokerages have recently weighed in on YETI. UBS Group lowered their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Bank of America lowered YETI from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. TD Cowen cut 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. Canaccord Genuity Group restated a “hold” rating and issued a $44.00 price target on shares of YETI in a research note on Thursday, November 14th. Finally, KeyCorp cut their price objective on 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 assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently 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.