YETI Holdings, Inc. $YETI Shares Sold by US Bancorp DE

US Bancorp DE cut its position in YETI Holdings, Inc. (NYSE:YETI) by 35.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,115 shares of the company’s stock after selling 606 shares during the period. US Bancorp DE’s holdings in YETI were worth $37,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of YETI in the first quarter valued at about $34,000. GeoWealth Management LLC purchased a new position in shares of YETI during the fourth quarter worth $48,000. LRI Investments LLC purchased a new position in shares of YETI during the first quarter worth $65,000. Sterling Capital Management LLC raised its holdings in shares of YETI by 45.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,993 shares of the company’s stock worth $154,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Portside Wealth Group LLC raised its holdings in shares of YETI by 14.5% during the first quarter. Portside Wealth Group LLC now owns 6,025 shares of the company’s stock worth $199,000 after purchasing an additional 762 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Canaccord Genuity Group raised their target price on shares of YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Jefferies Financial Group reissued a “buy” rating and set a $55.00 target price on shares of YETI in a report on Monday, May 5th. Citigroup raised their target price on shares of YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group reduced their target price on shares of YETI from $41.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Finally, Cowen reissued a “hold” rating on shares of YETI in a report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, YETI currently has an average rating of “Hold” and an average target price of $38.54.

YETI Stock Up 0.3%

Shares of NYSE YETI opened at $34.55 on Wednesday. The company’s 50-day simple moving average is $33.52 and its 200-day simple moving average is $32.73. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 2.43 and a beta of 1.84. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09.

YETI (NYSE:YETI) last announced its earnings results on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.12. YETI had a net margin of 9.73% and a return on equity of 24.60%. The business had revenue of $445.89 million for the quarter, compared to analyst estimates of $461.73 million. During the same quarter last year, the business earned $0.70 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Equities analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.