YETI Holdings, Inc. $YETI Position Reduced by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. has reduced its stake in YETI Holdings, Inc. by 39.2%, now owning approximately 0.44% of the company worth $11.99 million after selling over 233,000 shares.
• Multiple research analysts have issued ratings on YETI, with a total of five analysts giving a "Buy" rating and nine a "Hold", while the average target price is set at $38.54.
• YETI reported earnings per share of $0.66, beating estimates, although its quarterly revenue decreased by 3.8% compared to the same period last year.

Nomura Holdings Inc. trimmed its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 39.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 362,112 shares of the company's stock after selling 233,042 shares during the quarter. Nomura Holdings Inc. owned approximately 0.44% of YETI worth $11,986,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in YETI. Costello Asset Management INC bought a new position in YETI during the 1st quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in YETI during the 1st quarter valued at $34,000. LRI Investments LLC bought a new position in YETI during the 1st quarter valued at $65,000. Covestor Ltd boosted its stake in YETI by 35.2% during the 1st quarter. Covestor Ltd now owns 4,683 shares of the company's stock valued at $155,000 after acquiring an additional 1,220 shares during the last quarter. Finally, Portside Wealth Group LLC boosted its stake in YETI by 14.5% during the 1st quarter. Portside Wealth Group LLC now owns 6,025 shares of the company's stock valued at $199,000 after acquiring an additional 762 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on YETI shares. Jefferies Financial Group restated a "buy" rating and issued a $55.00 price target on shares of YETI in a research report on Monday, May 5th. Citigroup raised their price target on shares of YETI from $36.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Stifel Nicolaus raised 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. Morgan Stanley restated a "cautious" rating on shares of YETI in a research report on Monday, August 11th. Finally, UBS Group raised their price target on shares of YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, YETI currently has an average rating of "Hold" and a consensus target price of $38.54.

YETI Trading Up 0.8%

Shares of NYSE:YETI opened at $35.15 on Monday. The company has a market cap of $2.85 billion, a PE ratio of 16.74, a P/E/G ratio of 2.48 and a beta of 1.86. The company's 50-day moving average price is $34.33 and its 200 day moving average price is $32.60. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.12. The firm had revenue of $445.89 million for the quarter, compared to the consensus estimate of $461.73 million. YETI had a net margin of 9.73% and a return on equity of 24.60%. YETI's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.70 EPS. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Sell-side analysts anticipate 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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