YETI Holdings, Inc. $YETI Position Boosted by Inspire Advisors LLC

Inspire Advisors LLC boosted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,330 shares of the company’s stock after acquiring an additional 2,343 shares during the quarter. Inspire Advisors LLC’s holdings in YETI were worth $672,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in YETI. Engaged Capital LLC bought a new position in shares of YETI in the first quarter worth $51,090,000. Westwood Holdings Group Inc. raised its stake in shares of YETI by 110.2% during the second quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock valued at $79,050,000 after purchasing an additional 1,314,878 shares in the last quarter. AQR Capital Management LLC lifted its holdings in YETI by 780.9% in the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock worth $47,752,000 after purchasing an additional 1,280,622 shares during the period. Reinhart Partners LLC. grew its position in YETI by 101.6% in the 2nd quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock valued at $67,542,000 after buying an additional 1,080,072 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in YETI by 48.9% during the 1st quarter. American Century Companies Inc. now owns 2,150,724 shares of the company’s stock valued at $71,189,000 after buying an additional 706,601 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. B. Riley restated a “neutral” rating and set a $35.00 price target (up from $32.00) on shares of YETI in a research report on Monday, November 10th. Raymond James Financial reiterated 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. Canaccord Genuity Group upped their target price on YETI from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of YETI in a research note on Wednesday, October 8th. Finally, William Blair reiterated an “outperform” rating on shares of YETI in a research report on Tuesday, November 11th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.33.

YETI Price Performance

NYSE YETI opened at $36.27 on Wednesday. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The stock’s 50-day moving average price is $34.88 and its two-hundred day moving average price is $33.62. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. The company has a market cap of $2.82 billion, a PE ratio of 18.89, a PEG ratio of 2.32 and a beta of 1.89.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. YETI had a net margin of 8.75% and a return on equity of 23.62%. The firm had revenue of $487.77 million during the quarter, compared to analyst estimates of $480.08 million. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue was up 1.9% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current 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.