Capital Fund Management S.A. Buys 95,505 Shares of YETI Holdings, Inc. $YETI

Key Points

• Capital Fund Management S.A. increased its stake in YETI Holdings by 62.4%, acquiring 95,505 additional shares to hold a total of 248,558 shares valued at $8.2 million.
• Analysts have mixed views on YETI, with UBS raising its target price to $35 while Citigroup set a higher price objective of $44, maintaining a majority of "Buy" or "Hold" ratings.
• YETI's recent earnings report showed an EPS of $0.66, exceeding expectations, although revenue fell short, coming in at $445.89 million, down 3.8% compared to the previous year.

Capital Fund Management S.A. boosted its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 62.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,558 shares of the company's stock after purchasing an additional 95,505 shares during the quarter. Capital Fund Management S.A. owned about 0.30% of YETI worth $8,227,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its position in YETI by 2.5% during the first quarter. Hsbc Holdings PLC now owns 19,429 shares of the company's stock worth $638,000 after purchasing an additional 483 shares during the period. Quantbot Technologies LP boosted its position in YETI by 44.1% during the first quarter. Quantbot Technologies LP now owns 40,908 shares of the company's stock worth $1,354,000 after purchasing an additional 12,528 shares during the period. Wellington Management Group LLP boosted its position in YETI by 3.0% during the first quarter. Wellington Management Group LLP now owns 3,668,128 shares of the company's stock worth $121,415,000 after purchasing an additional 107,643 shares during the period. Versor Investments LP bought a new stake in YETI during the first quarter worth approximately $228,000. Finally, Corient IA LLC bought a new stake in YETI during the first quarter worth approximately $248,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group upped their target price on YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Morgan Stanley reissued a "cautious" rating on shares of YETI in a research report on Monday, August 11th. Citigroup increased their price objective on YETI from $36.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Raymond James Financial reissued an "outperform" rating and issued a $37.00 price objective (up from $34.00) on shares of YETI in a research report on Friday, August 8th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $55.00 price objective on shares of YETI in a research report on Monday, May 5th. Five equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, YETI currently has an average rating of "Hold" and an average target price of $38.54.

YETI Stock Down 0.5%

Shares of YETI stock opened at $33.9050 on Friday. The stock has a market cap of $2.75 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 2.41 and a beta of 1.84. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The stock has a fifty day moving average price of $33.62 and a 200 day moving average price of $32.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48.

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

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.

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