YETI Holdings, Inc. $YETI Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. lowered its position in YETI Holdings, Inc. (NYSE:YETI) by 51.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,901 shares of the company’s stock after selling 187,211 shares during the quarter. Nomura Holdings Inc. owned approximately 0.22% of YETI worth $5,513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in YETI. Engaged Capital LLC acquired a new stake in YETI in the first quarter valued at about $51,090,000. Westwood Holdings Group Inc. boosted its holdings in shares of YETI by 110.2% during the second quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock worth $79,050,000 after purchasing an additional 1,314,878 shares during the last quarter. AQR Capital Management LLC increased its stake in YETI by 780.9% in the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock valued at $47,752,000 after purchasing an additional 1,280,622 shares during the last quarter. Reinhart Partners LLC. lifted its position in YETI by 101.6% during the second quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock worth $67,542,000 after buying an additional 1,080,072 shares during the period. Finally, Norges Bank acquired a new stake in YETI in the 2nd quarter worth about $32,995,000.

YETI Stock Down 1.6%

YETI stock opened at $43.39 on Tuesday. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $46.28. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.38 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.85 and a beta of 1.78. The firm’s 50-day simple moving average is $37.51 and its 200 day simple moving average is $35.18.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. B. Riley reaffirmed a “neutral” rating and set a $35.00 price objective (up previously from $32.00) on shares of YETI in a research note on Monday, November 10th. William Blair restated an “outperform” rating on shares of YETI in a report on Tuesday, November 11th. Stifel Nicolaus increased their price target on shares of YETI from $34.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday. Canaccord Genuity Group boosted their price objective on shares of YETI from $34.00 to $37.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Finally, Jefferies Financial Group restated a “buy” rating on shares of YETI in a report on Tuesday, September 16th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.17.

Insider Activity

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

YETI 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.