Amundi Trims Position in YETI Holdings, Inc. $YETI

Amundi lessened its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 24.3% during the first quarter, HoldingsChannel reports. The firm owned 84,051 shares of the company’s stock after selling 26,976 shares during the quarter. Amundi’s holdings in YETI were worth $2,782,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in shares of YETI by 3.0% during the 1st quarter. Wellington Management Group LLP now owns 3,668,128 shares of the company’s stock worth $121,415,000 after purchasing an additional 107,643 shares during the period. American Century Companies Inc. lifted its stake in shares of YETI by 48.9% during the 1st quarter. American Century Companies Inc. now owns 2,150,724 shares of the company’s stock worth $71,189,000 after purchasing an additional 706,601 shares during the period. Congress Asset Management Co. lifted its stake in shares of YETI by 7.7% during the 1st quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company’s stock worth $40,315,000 after purchasing an additional 86,906 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of YETI by 23.8% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,193,043 shares of the company’s stock worth $39,490,000 after purchasing an additional 229,709 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in shares of YETI by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 1,108,913 shares of the company’s stock worth $42,704,000 after purchasing an additional 10,673 shares during the period.

YETI Trading Up 3.5%

NYSE:YETI opened at $36.64 on Friday. The business’s 50-day moving average is $35.08 and its two-hundred day moving average is $32.55. 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 Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The firm has a market capitalization of $2.98 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 2.50 and a beta of 1.86.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.66 EPS for the quarter, beating 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 company had revenue of $445.89 million for the quarter, compared to analyst estimates of $461.73 million. During the same period last year, the company posted $0.70 earnings per share. The firm’s 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. Research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on YETI. Morgan Stanley reissued a “cautious” rating on shares of YETI in a research note on Monday, August 11th. UBS Group increased their target price on YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Stifel Nicolaus increased their target price on YETI from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Canaccord Genuity Group increased their target price on YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Finally, Citigroup increased their target price on YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.54.

About YETI

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.