Landscape Capital Management L.L.C. Reduces Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Landscape Capital Management L.L.C. cut its holdings in YETI Holdings, Inc. (NYSE:YETI) by 94.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,773 shares of the company’s stock after selling 97,283 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in YETI were worth $237,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of YETI in the third quarter valued at approximately $26,000. Versant Capital Management Inc grew its position in shares of YETI by 571.8% in the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after purchasing an additional 709 shares during the last quarter. Blue Trust Inc. grew its position 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 last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of YETI in the second quarter valued at approximately $42,000. Finally, GAMMA Investing LLC grew its position in shares of YETI by 52.9% in the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after purchasing an additional 423 shares during the last quarter.

YETI Stock Performance

NYSE:YETI opened at $40.52 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.44 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.14 and a beta of 2.12. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $54.15. The firm’s 50 day moving average is $38.98 and its two-hundred day moving average is $39.43.

Analyst Ratings Changes

Several analysts have recently commented on YETI shares. Citigroup lowered their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Piper Sandler restated an “overweight” rating and set a $54.00 target price (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. KeyCorp raised their target price on shares of YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. B. Riley raised their target price on shares of YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, Bank of America lowered shares of YETI from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.46.

YETI Company Profile

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.