Northwest & Ethical Investments L.P. Sells 22,173 Shares of YETI Holdings, Inc. $YETI

Key Points

• Northwest & Ethical Investments L.P. reduced its stake in YETI Holdings, Inc. by 48.3%, selling 22,173 shares and maintaining 23,703 shares valued at approximately $785,000.
• YETI's latest earnings report showed an EPS of $0.66, exceeding expectations of $0.54, though the company's revenue of $445.89 million fell short of expectations.
• Analysts have a consensus rating of "Hold" on YETI stock, with an average price target of $38.54, reflecting mixed sentiments from various investment firms.

Northwest & Ethical Investments L.P. decreased its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 48.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,703 shares of the company's stock after selling 22,173 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in YETI were worth $785,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mystic Asset Management Inc. grew its stake in shares of YETI by 2.0% in the 1st quarter. Mystic Asset Management Inc. now owns 19,278 shares of the company's stock worth $638,000 after acquiring an additional 375 shares in the last quarter. Azzad Asset Management Inc. ADV grew its position in YETI by 1.0% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 51,779 shares of the company's stock valued at $1,994,000 after buying an additional 497 shares during the period. Assetmark Inc. grew its position in YETI by 9.7% during the first quarter. Assetmark Inc. now owns 6,421 shares of the company's stock valued at $213,000 after buying an additional 568 shares during the period. Costello Asset Management INC bought a new position in YETI during the first quarter worth about $25,000. Finally, Bridge City Capital LLC boosted its position in YETI by 1.3% during the first quarter. Bridge City Capital LLC now owns 58,887 shares of the company's stock worth $1,949,000 after purchasing an additional 755 shares during the period.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of research reports. Stifel Nicolaus increased their target price 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. Piper Sandler cut their target price on shares of 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 reiterated an "outperform" rating and set a $37.00 target price (up previously from $34.00) on shares of YETI in a research report on Friday, August 8th. Cowen reiterated a "hold" rating on shares of YETI in a research report on Friday, August 8th. Finally, Canaccord Genuity Group increased their price target on shares of YETI from $33.00 to $34.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $38.54.

YETI Stock Up 5.1%

Shares of YETI stock traded up $1.7450 during mid-day trading on Friday, reaching $35.6750. 1,884,173 shares of the company's stock traded hands, compared to its average volume of 2,377,670. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The company has a market cap of $2.90 billion, a P/E ratio of 16.99, a P/E/G ratio of 2.39 and a beta of 1.84. 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 company's 50-day moving average price is $33.74 and its 200-day moving average price is $32.72.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%.The firm 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 earned $0.70 EPS. YETI's quarterly revenue 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, equities analysts expect 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.