Vanguard Group Inc. Sells 39,753 Shares of YETI Holdings, Inc. $YETI

Key Points

• Vanguard Group Inc. has decreased its stake in YETI Holdings, selling 39,753 shares and now holding a total of 8,013,200 shares, which represents 9.68% of the company's stock.
• Multiple hedge funds have adjusted their positions in YETI, with Westwood Holdings Group Inc. increasing its holdings by 23.8% during the first quarter.
• Analysts have a consensus "Hold" rating on YETI, with an average price target of $38.54, even as the stock's price has fluctuated with a 52-week range from $26.61 to $45.25.

Vanguard Group Inc. cut its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,013,200 shares of the company's stock after selling 39,753 shares during the quarter. Vanguard Group Inc. owned approximately 9.68% of YETI worth $265,237,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in YETI. Raymond James Financial Inc. bought a new position in YETI in the fourth quarter valued at approximately $6,240,000. Sterling Capital Management LLC boosted its position in shares of YETI by 45.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,993 shares of the company's stock worth $154,000 after purchasing an additional 1,252 shares during the last quarter. Mariner LLC boosted its position in shares of YETI by 12.4% in the 4th quarter. Mariner LLC now owns 19,345 shares of the company's stock worth $745,000 after purchasing an additional 2,132 shares during the last quarter. Jump Financial LLC bought a new stake in YETI in the fourth quarter valued at about $833,000. Finally, Canada Pension Plan Investment Board lifted its stake in YETI by 55.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 364,700 shares of the company's stock valued at $14,045,000 after buying an additional 129,500 shares during the period.

Wall Street Analysts Forecast Growth

YETI has been the subject of several analyst reports. Piper Sandler decreased their target price on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Raymond James Financial reaffirmed an "outperform" rating and issued a $37.00 target price (up previously from $34.00) on shares of YETI in a research note on Friday, August 8th. Stifel Nicolaus lifted their price target on shares of YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Canaccord Genuity Group raised their price objective on YETI from $33.00 to $34.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Finally, Cowen reiterated a "hold" rating on shares of YETI in a report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $38.54.

YETI Stock Up 5.1%

Shares of YETI traded up $1.7310 during mid-day trading on Friday, hitting $35.6610. 1,074,490 shares of the company's stock were exchanged, compared to its average volume of 2,158,399. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The company has a market cap of $2.90 billion, a PE ratio of 16.98, a P/E/G ratio of 2.41 and a beta of 1.84. 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 50-day simple moving average of $33.62 and a 200 day simple moving average of $32.73.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, topping 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 company had revenue of $445.89 million for the quarter, compared to analysts' expectations of $461.73 million. During the same quarter last year, the business earned $0.70 earnings per share. YETI's revenue was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal 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.