YETI Holdings, Inc. $YETI Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 19.9% during the second quarter, Holdings Channel reports. The fund owned 62,511 shares of the company’s stock after acquiring an additional 10,368 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in YETI were worth $1,970,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Costello Asset Management INC acquired a new stake in YETI during the first quarter worth approximately $25,000. IFP Advisors Inc increased its stake in shares of YETI by 4,552.6% during the 2nd quarter. IFP Advisors Inc now owns 884 shares of the company’s stock valued at $30,000 after acquiring an additional 865 shares during the last quarter. UMB Bank n.a. increased its stake in shares of YETI by 109.3% during the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after acquiring an additional 468 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of YETI by 61.6% during the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after acquiring an additional 375 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of YETI during the 1st quarter valued at about $34,000.

YETI Stock Down 1.0%

YETI opened at $34.24 on Friday. The firm has a 50 day moving average price of $34.80 and a 200 day moving average price of $32.87. The company has a market cap of $2.78 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.44 and a beta of 1.83. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. 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 (NYSE:YETI) last issued its earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. YETI had a net margin of 9.73% and a return on equity of 24.60%. The business had revenue of $445.89 million for the quarter, compared to the consensus estimate of $461.73 million. During the same quarter last year, the firm 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. Sell-side analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group upped their price objective on shares of YETI from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Raymond James Financial reaffirmed an “outperform” rating and set a $37.00 price objective (up previously from $34.00) on shares of YETI in a research note on Friday, August 8th. Morgan Stanley upped their price objective on shares of YETI from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday. Stifel Nicolaus upped 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. Finally, Citigroup upped their price objective on shares of YETI from $36.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.69.

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.