Federation des caisses Desjardins du Quebec Has $1.63 Million Position in YETI Holdings, Inc. $YETI

Federation des caisses Desjardins du Quebec lowered its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 81.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 49,295 shares of the company's stock after selling 212,065 shares during the period. Federation des caisses Desjardins du Quebec owned approximately 0.06% of YETI worth $1,632,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new stake in shares of YETI in the 1st quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of YETI in the first quarter valued at about $34,000. LRI Investments LLC purchased a new stake in YETI during the first quarter worth about $65,000. Quarry LP boosted its holdings in YETI by 815.4% during the first quarter. Quarry LP now owns 2,682 shares of the company's stock worth $89,000 after buying an additional 2,389 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of YETI by 35.2% in the first quarter. Covestor Ltd now owns 4,683 shares of the company's stock valued at $155,000 after purchasing an additional 1,220 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of YETI from $33.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Stifel Nicolaus increased their price objective on shares of YETI from $31.00 to $33.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Morgan Stanley restated a "cautious" rating on shares of YETI in a research report on Monday, August 11th. Raymond James Financial reissued an "outperform" rating and set a $37.00 target price (up previously from $34.00) on shares of YETI in a research note on Friday, August 8th. Finally, UBS Group lifted their target price 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 equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, YETI presently has an average rating of "Hold" and an average target price of $38.54.

YETI Trading Down 0.6%

YETI stock traded down $0.22 during midday trading on Wednesday, hitting $35.39. 1,408,972 shares of the stock were exchanged, compared to its average volume of 2,124,055. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.87 billion, a PE ratio of 16.85, a P/E/G ratio of 2.52 and a beta of 1.86. The company has a fifty day simple moving average of $34.96 and a two-hundred day simple moving average of $32.53. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25.

YETI (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, topping 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%. The business's quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS 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.