YETI Holdings, Inc. $YETI Shares Sold by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC has reduced its holdings in YETI Holdings, Inc. by 60.1%, owning 8,092 shares worth $268,000 after selling 12,207 shares in the first quarter.
• YETI reported $0.66 EPS for the last quarter, exceeding expectations, but its revenue of $445.89 million was below analyst estimates.
• Analyst ratings for YETI include a mix of Buy and Hold ratings, with a consensus target price of $38.54, indicating varied investor sentiment about the stock's performance.

Teza Capital Management LLC cut its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 60.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,092 shares of the company's stock after selling 12,207 shares during the period. Teza Capital Management LLC's holdings in YETI were worth $268,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Mystic Asset Management Inc. grew its stake in shares of YETI by 2.0% during the first quarter. Mystic Asset Management Inc. now owns 19,278 shares of the company's stock valued at $638,000 after acquiring an additional 375 shares in the last quarter. Hsbc Holdings PLC increased its holdings in YETI by 2.5% during the 1st 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 last quarter. Azzad Asset Management Inc. ADV increased its holdings in YETI by 1.0% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 51,779 shares of the company's stock worth $1,994,000 after purchasing an additional 497 shares during the last quarter. Assetmark Inc. increased its holdings in YETI by 9.7% during the 1st quarter. Assetmark Inc. now owns 6,421 shares of the company's stock worth $213,000 after purchasing an additional 568 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in YETI by 9.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company's stock worth $214,000 after purchasing an additional 569 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Cowen restated a "hold" rating on shares of YETI in a report on Friday, August 8th. Raymond James Financial reiterated an "outperform" rating and issued a $37.00 price target (up from $34.00) on shares of YETI in a research note on Friday, August 8th. Morgan Stanley reiterated a "cautious" rating on shares of YETI in a research note on Monday, August 11th. Stifel Nicolaus lifted their price target on YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Finally, UBS Group lifted their price target on YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $38.54.

YETI Stock Performance

NYSE:YETI traded down $1.13 during midday trading on Friday, reaching $35.50. 1,380,933 shares of the company traded hands, compared to its average volume of 2,117,186. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 2.50 and a beta of 1.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48. The company has a fifty day moving average price of $35.08 and a 200 day moving average price of $32.55.

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

About YETI

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.