Capital Fund Management S.A. Increases Stake in YETI Holdings, Inc. $YETI

Capital Fund Management S.A. raised its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 265,505 shares of the company’s stock after acquiring an additional 16,947 shares during the quarter. Capital Fund Management S.A. owned approximately 0.33% of YETI worth $8,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Engaged Capital LLC purchased a new position in YETI during the first quarter valued at $51,090,000. Westwood Holdings Group Inc. raised its stake in shares of YETI by 110.2% in the second quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock worth $79,050,000 after buying an additional 1,314,878 shares during the period. AQR Capital Management LLC lifted its position in shares of YETI by 780.9% during the 1st quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock valued at $47,752,000 after buying an additional 1,280,622 shares in the last quarter. Reinhart Partners LLC. lifted its position in shares of YETI by 101.6% during the 2nd quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock valued at $67,542,000 after buying an additional 1,080,072 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of YETI by 48.9% during the 1st quarter. American Century Companies Inc. now owns 2,150,724 shares of the company’s stock valued at $71,189,000 after acquiring an additional 706,601 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have commented on YETI shares. Stifel Nicolaus raised their target price on shares of YETI from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Canaccord Genuity Group increased their price objective on shares of YETI from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Cowen restated a “hold” rating on shares of YETI in a research note on Friday, August 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $37.00 target price (up previously from $34.00) on shares of YETI in a report on Friday, August 8th. Finally, William Blair reiterated an “outperform” rating on shares of YETI in a research note on Tuesday, November 11th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, YETI presently has an average rating of “Hold” and a consensus target price of $38.33.

YETI Price Performance

Shares of NYSE:YETI opened at $41.29 on Monday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 2.68 and a beta of 1.78. The firm has a fifty day moving average price of $35.52 and a 200 day moving average price of $34.18. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.16 and a current ratio of 2.16.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. YETI had a net margin of 8.75% and a return on equity of 23.62%. The business had revenue of $487.77 million for the quarter, compared to analysts’ expectations of $480.08 million. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. As a group, sell-side analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share 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.