Bank of New York Mellon Corp Has $25.55 Million Stake in YETI Holdings, Inc. $YETI

Bank of New York Mellon Corp raised its position in YETI Holdings, Inc. (NYSE:YETI) by 22.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 810,501 shares of the company’s stock after acquiring an additional 149,385 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.98% of YETI worth $25,547,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Costello Asset Management INC acquired a new stake in YETI in the 1st quarter valued at about $25,000. UMB Bank n.a. raised its stake in YETI by 109.3% in the second quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after buying an additional 468 shares during the period. IFP Advisors Inc lifted its position in shares of YETI by 4,552.6% in the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock valued at $30,000 after buying an additional 865 shares during the last quarter. Parallel Advisors LLC boosted 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 worth $31,000 after acquiring an additional 375 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of YETI during the 1st quarter worth approximately $34,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. B. Riley reaffirmed a “neutral” rating and set a $35.00 price target (up previously from $32.00) on shares of YETI in a report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of YETI in a research note on Wednesday, October 8th. William Blair reiterated an “outperform” rating on shares of YETI in a research note on Tuesday. Jefferies Financial Group reissued a “buy” rating on shares of YETI in a report on Tuesday, September 16th. Finally, Cowen restated a “hold” rating on shares of YETI in a report on Friday, August 8th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $38.33.

YETI Price Performance

Shares of YETI stock opened at $37.26 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 2.45 and a beta of 1.89. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a 50-day simple moving average of $34.86 and a two-hundred day simple moving average of $33.45.

YETI (NYSE:YETI) last announced its earnings results on Thursday, November 6th. The company reported $0.61 earnings per share (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 for the quarter, compared to analyst estimates of $480.08 million. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current year.

YETI Company 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.