Logan Capital Management Inc. Sells 12,745 Shares of YETI Holdings, Inc. $YETI

Logan Capital Management Inc. lessened its holdings in YETI Holdings, Inc. (NYSE:YETI) by 15.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,614 shares of the company’s stock after selling 12,745 shares during the quarter. Logan Capital Management Inc. owned 0.08% of YETI worth $2,163,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of YETI by 3.0% in the first 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 in the last quarter. American Century Companies Inc. raised its position in YETI by 48.9% during the first quarter. American Century Companies Inc. now owns 2,150,724 shares of the company’s stock worth $71,189,000 after acquiring an additional 706,601 shares in the last quarter. Reinhart Partners LLC. raised its position in YETI by 101.6% during the second quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock worth $67,542,000 after acquiring an additional 1,080,072 shares in the last quarter. Engaged Capital LLC bought a new stake in YETI during the first quarter worth $51,090,000. Finally, AQR Capital Management LLC raised its position in YETI by 780.9% during the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock worth $47,752,000 after acquiring an additional 1,280,622 shares in the last quarter.

YETI Price Performance

NYSE:YETI opened at $35.83 on Wednesday. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The company has a market cap of $2.91 billion, a P/E ratio of 17.06, a P/E/G ratio of 2.55 and a beta of 1.83. The firm’s fifty day moving average price is $34.78 and its two-hundred day moving average price is $32.83. 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 (NYSE:YETI) last released its quarterly earnings results 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 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 period in the prior year, the company posted $0.70 earnings per share. YETI’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. Equities analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on YETI shares. Raymond James Financial reaffirmed an “outperform” rating and set a $37.00 price target (up from $34.00) on shares of YETI in a research report on Friday, August 8th. Stifel Nicolaus upped their price target on shares of 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 upped their price target on shares of YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Jefferies Financial Group reaffirmed a “buy” rating on shares of YETI in a research report on Tuesday, September 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of YETI in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, YETI has an average rating of “Hold” and a consensus target price 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.