Lecap Asset Management Ltd. Acquires Shares of 22,427 YETI Holdings, Inc. $YETI

Lecap Asset Management Ltd. purchased a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,427 shares of the company’s stock, valued at approximately $744,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in YETI. IFP Advisors Inc grew its stake in shares of YETI by 4,552.6% in the 2nd quarter. IFP Advisors Inc now owns 884 shares of the company’s stock worth $30,000 after acquiring an additional 865 shares in the last quarter. True Wealth Design LLC raised its stake in shares of YETI by 141.1% in the third quarter. True Wealth Design LLC now owns 885 shares of the company’s stock valued at $29,000 after buying an additional 518 shares during the period. UMB Bank n.a. lifted its holdings in YETI by 109.3% during the second quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after purchasing an additional 468 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of YETI by 61.6% during the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after buying an additional 375 shares in the last quarter. Finally, MAI Capital Management bought a new position in shares of YETI in the second quarter worth $31,000.

YETI Stock Up 3.6%

YETI stock opened at $49.17 on Friday. The firm has a market cap of $3.83 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.64 and a beta of 1.77. The business has a 50 day moving average of $41.48 and a 200 day moving average of $36.92. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $50.34. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $487.77 million during the quarter, compared to analyst estimates of $480.08 million. YETI had a net margin of 8.75% and a return on equity of 23.62%. YETI’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, research analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on YETI. B. Riley restated a “neutral” rating and issued a $35.00 price objective (up from $32.00) on shares of YETI in a research report on Monday, November 10th. Jefferies Financial Group reiterated a “buy” rating on shares of YETI in a report on Tuesday, September 16th. William Blair reaffirmed an “outperform” rating on shares of YETI in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of YETI in a research note on Wednesday, October 8th. Finally, UBS Group boosted their price objective on shares of YETI from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, YETI has a consensus rating of “Hold” and a consensus price target of $39.82.

Insider Transactions at YETI

In other YETI news, SVP Bryan C. Barksdale sold 9,756 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $45.32, for a total transaction of $442,141.92. Following the transaction, the senior vice president owned 56,397 shares in the company, valued at approximately $2,555,912.04. This represents a 14.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

YETI Company Profile

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.