YETI Holdings, Inc. $YETI Shares Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly increased its stake in YETI Holdings, raising its holdings by 677.8% in the first quarter, owning 9,474 shares worth approximately $314,000.
• YETI posted earnings of $0.66 per share for the last quarter, exceeding analyst expectations, despite a year-over-year revenue decline of 3.8% to $445.89 million.
• Wall Street analysts maintain a consensus rating of "Hold" for YETI shares, with price targets ranging from $33.00 to $55.00, indicating mixed outlooks on the company's stock performance.

AlphaQuest LLC grew its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 677.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,474 shares of the company's stock after purchasing an additional 8,256 shares during the quarter. AlphaQuest LLC's holdings in YETI were worth $314,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. CW Advisors LLC lifted its stake in shares of YETI by 1.6% in the first quarter. CW Advisors LLC now owns 157,486 shares of the company's stock worth $5,213,000 after acquiring an additional 2,546 shares in the last quarter. Capital Fund Management S.A. lifted its stake in shares of YETI by 62.4% in the first quarter. Capital Fund Management S.A. now owns 248,558 shares of the company's stock worth $8,227,000 after acquiring an additional 95,505 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of YETI by 2.5% in the first quarter. Hsbc Holdings PLC now owns 19,429 shares of the company's stock worth $638,000 after acquiring an additional 483 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of YETI by 44.1% in the first quarter. Quantbot Technologies LP now owns 40,908 shares of the company's stock worth $1,354,000 after acquiring an additional 12,528 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of YETI by 3.0% in the first quarter. Wellington Management Group LLP now owns 3,668,128 shares of the company's stock worth $121,415,000 after acquiring an additional 107,643 shares in the last quarter.

YETI Stock Performance

YETI stock traded down $0.79 on Tuesday, reaching $34.37. The company's stock had a trading volume of 897,921 shares, compared to its average volume of 2,144,593. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The company has a market capitalization of $2.79 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 2.48 and a beta of 1.86. The firm has a fifty day moving average of $34.42 and a two-hundred day moving average of $32.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data 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. 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 period in the prior year, the company 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. As a group, analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group reissued a "buy" rating and issued a $55.00 price objective on shares of YETI in a report on Monday, May 5th. UBS Group boosted their price objective on YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Morgan Stanley reissued a "cautious" rating on shares of YETI in a report on Monday, August 11th. Canaccord Genuity Group boosted their price objective on YETI from $33.00 to $34.00 and gave the company a "hold" rating in a report on Friday, August 8th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $37.00 price target (up from $34.00) on shares of YETI in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus 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.