Comerica Bank Has $1.06 Million Position in YETI Holdings, Inc. $YETI

Comerica Bank cut its position in YETI Holdings, Inc. (NYSE:YETI) by 28.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,122 shares of the company’s stock after selling 13,081 shares during the quarter. Comerica Bank’s holdings in YETI were worth $1,063,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jump Financial LLC raised its position in shares of YETI by 66.8% in the 1st quarter. Jump Financial LLC now owns 36,061 shares of the company’s stock valued at $1,194,000 after buying an additional 14,437 shares in the last quarter. AlphaQuest LLC increased its position in YETI by 677.8% during the 1st quarter. AlphaQuest LLC now owns 9,474 shares of the company’s stock worth $314,000 after purchasing an additional 8,256 shares in the last quarter. CW Advisors LLC increased its position in YETI by 1.6% during the 1st quarter. CW Advisors LLC now owns 157,486 shares of the company’s stock worth $5,213,000 after purchasing an additional 2,546 shares in the last quarter. Capital Fund Management S.A. increased its position in YETI by 62.4% during the 1st quarter. Capital Fund Management S.A. now owns 248,558 shares of the company’s stock worth $8,227,000 after purchasing an additional 95,505 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in YETI by 2.5% during the 1st quarter. Hsbc Holdings PLC now owns 19,429 shares of the company’s stock worth $638,000 after purchasing an additional 483 shares in the last quarter.

YETI Trading Up 0.2%

Shares of NYSE YETI opened at $36.30 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.52. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25. The firm has a 50 day moving average price of $34.82 and a two-hundred day moving average price of $32.58. The stock has a market cap of $2.95 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 2.56 and a beta of 1.86.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.12. YETI had a net margin of 9.73% and a return on equity of 24.60%. The firm had revenue of $445.89 million during the quarter, compared to analysts’ expectations of $461.73 million. During the same period in the prior year, the company posted $0.70 EPS. The company’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. As a group, equities analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on YETI shares. Raymond James Financial reiterated an “outperform” rating and set a $37.00 price objective (up 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. Citigroup upped their price objective 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. Canaccord Genuity Group upped their price objective on shares of YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Finally, Morgan Stanley reiterated a “cautious” rating on shares of YETI in a research report on Monday, August 11th. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $38.54.

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.