YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. lessened its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 65.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,743 shares of the company's stock after selling 20,431 shares during the quarter. Lecap Asset Management Ltd.'s holdings in YETI were worth $356,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Allworth Financial LP increased its holdings in YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after buying an additional 467 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of YETI in the 4th quarter worth approximately $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of YETI in the 4th quarter valued at approximately $45,000. GeoWealth Management LLC acquired a new stake in shares of YETI during the 4th quarter valued at approximately $48,000. Finally, Jones Financial Companies Lllp raised its position in shares of YETI by 22.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock valued at $59,000 after acquiring an additional 280 shares in the last quarter.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Piper Sandler lowered their target price on shares of YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. UBS Group decreased their price target on shares of YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Morgan Stanley boosted their price objective on shares of YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Robert W. Baird cut their target price on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, The Goldman Sachs Group decreased their target price on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, YETI presently has an average rating of "Hold" and a consensus price target of $39.40.

YETI Stock Performance

Shares of YETI stock opened at $30.10 on Friday. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.58 and a quick ratio of 1.47. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 2.61 and a beta of 1.88. The business has a 50 day simple moving average of $30.01 and a 200 day simple moving average of $33.96.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. YETI had a return on equity of 26.48% and a net margin of 9.59%. The company had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. During the same quarter in the prior year, the business posted $0.34 earnings per share. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS 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.

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