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

Lecap Asset Management Ltd. purchased a new position in YETI Holdings, Inc. (NYSE:YETI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 43,513 shares of the company’s stock, valued at approximately $1,785,000.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in YETI during the third quarter valued at $26,000. Crewe Advisors LLC purchased a new position in shares of YETI during the 1st quarter valued at about $27,000. Versant Capital Management Inc grew its stake in shares of YETI by 571.8% during the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after acquiring an additional 709 shares during the period. Blue Trust Inc. increased its holdings in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after acquiring an additional 630 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in YETI during the 1st quarter worth approximately $35,000.

Analyst Ratings Changes

A number of equities analysts have weighed in on YETI shares. Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 price target on shares of YETI in a research report on Monday, September 30th. KeyCorp raised their price target on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Roth Mkm upped their price objective on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. TD Cowen lifted their target price on YETI from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, Citigroup dropped their price target on YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.77.

YETI Price Performance

YETI stock opened at $36.58 on Wednesday. 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 P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.11 and a beta of 2.11. The company has a fifty day simple moving average of $39.82 and a two-hundred day simple moving average of $39.25. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. YETI had a net margin of 10.66% and a return on equity of 28.83%. The firm had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. During the same quarter last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. Analysts anticipate that YETI Holdings, Inc. will post 2.35 earnings per share for the current fiscal 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.