L. Roy Papp & Associates LLP Lowers Stock Holdings in YETI Holdings, Inc. (NYSE:YETI)

L. Roy Papp & Associates LLP cut its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,720 shares of the company’s stock after selling 2,205 shares during the period. L. Roy Papp & Associates LLP’s holdings in YETI were worth $1,607,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in YETI. Summit Trail Advisors LLC purchased a new stake in shares of YETI in the fourth quarter valued at about $331,000. Empowered Funds LLC acquired a new position in YETI during the 4th quarter worth approximately $357,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in YETI during the 4th quarter worth approximately $335,000. Choreo LLC raised its stake in shares of YETI by 70.6% during the 4th quarter. Choreo LLC now owns 25,381 shares of the company’s stock worth $981,000 after buying an additional 10,506 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of YETI by 190.3% in the 4th quarter. Retirement Systems of Alabama now owns 298,526 shares of the company’s stock valued at $11,496,000 after buying an additional 195,693 shares during the period.

YETI Stock Performance

NYSE YETI opened at $37.83 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a fifty-two week low of $33.41 and a fifty-two week high of $49.01. The business has a fifty day moving average of $39.05 and a 200-day moving average of $39.25. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 1.06 and a beta of 2.13.

Analysts Set New Price Targets

YETI has been the topic of a number of recent analyst reports. Bank of America lowered YETI from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. TD Cowen reduced their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. KeyCorp dropped their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Piper Sandler reissued an “overweight” rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Finally, UBS Group dropped their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.