Quantbot Technologies LP Purchases 12,528 Shares of YETI Holdings, Inc. $YETI

Key Points

• Quantbot Technologies LP increased its stake in YETI Holdings, Inc. by 44.1% in Q1, owning 40,908 shares valued at approximately $1.35 million.
• YETI reported $0.66 earnings per share for the last quarter, surpassing analysts' expectations of $0.54, although its revenue of $445.89 million fell short of the $461.73 million consensus estimate.
• Analysts have varying opinions on YETI's stock, with price targets ranging from $33.00 to $55.00, and a current consensus rating of "Hold" with an average price target of $38.54.

Quantbot Technologies LP boosted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 44.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,908 shares of the company's stock after acquiring an additional 12,528 shares during the quarter. Quantbot Technologies LP's holdings in YETI were worth $1,354,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in YETI during the 1st quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in YETI during the 1st quarter worth approximately $34,000. GeoWealth Management LLC bought a new stake in YETI during the 4th quarter worth approximately $48,000. LRI Investments LLC bought a new stake in YETI during the 1st quarter worth approximately $65,000. Finally, Covestor Ltd grew its holdings in YETI by 35.2% during the 1st quarter. Covestor Ltd now owns 4,683 shares of the company's stock worth $155,000 after acquiring an additional 1,220 shares during the last quarter.

YETI Trading Down 3.7%

Shares of YETI stock traded down $1.35 on Thursday, reaching $34.84. 518,893 shares of the company's stock were exchanged, compared to its average volume of 2,144,305. The company has a market capitalization of $2.83 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 2.52 and a beta of 1.84. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The firm's 50-day moving average is $34.10 and its two-hundred day moving average is $32.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.52.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.12. The firm had revenue of $445.89 million for 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%.The company's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 EPS. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Sell-side analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Raymond James Financial reiterated an "outperform" rating and issued a $37.00 target price (up from $34.00) on shares of YETI in a report on Friday, August 8th. Citigroup upped their target price on YETI from $36.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Piper Sandler reduced their target price on YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Cowen reiterated a "hold" rating on shares of YETI in a report on Friday, August 8th. Finally, Morgan Stanley reiterated a "cautious" rating on shares of YETI in a report on Monday, August 11th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, YETI presently has an average rating of "Hold" and a consensus target price of $38.54.

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.