Fox Run Management L.L.C. Decreases Stock Holdings in YETI Holdings, Inc. $YETI

Key Points

• Fox Run Management L.L.C. significantly reduced its stake in YETI Holdings, Inc. by 77.8%, holding only 7,222 shares after selling 25,372 shares in the first quarter.
• YETI reported $0.66 earnings per share for the latest quarter, exceeding analysts' expectations, but noted a 3.8% decline in revenue year-over-year at $445.89 million.
• Analysts have mixed ratings for YETI, with five giving a Buy rating and nine a Hold rating, reflecting a consensus target price of $38.54.

Fox Run Management L.L.C. reduced its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 77.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,222 shares of the company's stock after selling 25,372 shares during the period. Fox Run Management L.L.C.'s holdings in YETI were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in YETI. Gates Capital Management Inc. purchased a new position in YETI in the fourth quarter worth about $135,356,000. Reinhart Partners LLC. bought a new stake in shares of YETI in the 1st quarter valued at approximately $35,177,000. Brown Advisory Inc. purchased a new position in shares of YETI in the 4th quarter worth approximately $40,496,000. Westwood Holdings Group Inc. bought a new position in shares of YETI during the 4th quarter valued at approximately $37,098,000. Finally, Nomura Holdings Inc. increased its position in shares of YETI by 595.8% during the 4th quarter. Nomura Holdings Inc. now owns 595,154 shares of the company's stock valued at $22,919,000 after purchasing an additional 509,616 shares during the last quarter.

YETI Stock Down 1.4%

Shares of YETI opened at $34.0630 on Thursday. The firm has a fifty day moving average price of $33.57 and a 200-day moving average price of $32.74. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.77 billion, a P/E ratio of 16.22, a P/E/G ratio of 2.44 and a beta of 1.84. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25.

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

Analyst Ratings Changes

YETI has been the subject of a number of analyst reports. Piper Sandler lowered their price target on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Morgan Stanley restated a "cautious" rating on shares of YETI in a report on Monday, August 11th. Canaccord Genuity Group lifted their price target on shares of YETI from $33.00 to $34.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. UBS Group upped their price target on shares of YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Stifel Nicolaus raised their price objective 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. Five equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, YETI presently has a consensus rating of "Hold" and a consensus target price of $38.54.

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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