Intech Investment Management LLC Boosts Holdings in YETI Holdings, Inc. $YETI

Intech Investment Management LLC boosted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 10.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 285,155 shares of the company’s stock after purchasing an additional 28,093 shares during the quarter. Intech Investment Management LLC owned approximately 0.34% of YETI worth $8,988,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Engaged Capital LLC purchased a new position in shares of YETI in the first quarter worth $51,090,000. AQR Capital Management LLC increased its holdings in YETI by 780.9% in the 1st quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock valued at $47,752,000 after acquiring an additional 1,280,622 shares during the last quarter. Reinhart Partners LLC. lifted its stake in YETI by 101.6% in the 2nd quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock worth $67,542,000 after purchasing an additional 1,080,072 shares in the last quarter. American Century Companies Inc. lifted its stake in YETI by 48.9% in 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 in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of YETI during the 2nd quarter valued at about $19,285,000.

YETI Price Performance

NYSE:YETI opened at $37.26 on Friday. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.41 and a beta of 1.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16. The business has a 50 day simple moving average of $34.86 and a 200-day simple moving average of $33.48. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25.

YETI (NYSE:YETI) last released its earnings results on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $487.77 million for the quarter, compared to the consensus estimate of $480.08 million. YETI had a return on equity of 23.62% and a net margin of 8.75%.The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Equities analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on YETI shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $37.00 target price (up from $34.00) on shares of YETI in a report on Friday, August 8th. Weiss Ratings restated a “hold (c)” rating on shares of YETI in a report on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of YETI in a report on Friday, August 8th. Citigroup increased their target price on YETI from $36.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, UBS Group boosted their price target on shares of YETI from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, YETI currently has a consensus rating of “Hold” and a consensus target price of $38.33.

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.