YETI Holdings, Inc. $YETI Shares Purchased by Future Fund LLC

Future Fund LLC grew its stake in YETI Holdings, Inc. (NYSE:YETI) by 106.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,876 shares of the company’s stock after purchasing an additional 42,753 shares during the period. YETI makes up about 1.2% of Future Fund LLC’s holdings, making the stock its 15th largest holding. Future Fund LLC owned approximately 0.10% of YETI worth $2,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Costello Asset Management INC purchased a new position in YETI in the first quarter worth approximately $25,000. IFP Advisors Inc lifted its stake in shares of YETI by 4,552.6% in the 2nd quarter. IFP Advisors Inc now owns 884 shares of the company’s stock valued at $30,000 after purchasing an additional 865 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of YETI by 109.3% during the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock worth $28,000 after purchasing an additional 468 shares during the period. Parallel Advisors LLC increased its position 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 purchasing an additional 375 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in YETI in the 1st quarter valued at about $34,000.

YETI Stock Up 3.2%

Shares of NYSE:YETI opened at $36.27 on Friday. The firm has a 50 day simple moving average of $34.63 and a 200-day simple moving average of $33.17. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a current ratio of 2.16, a quick ratio of 1.48 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $2.95 billion, a PE ratio of 18.89, a P/E/G ratio of 2.56 and a beta of 1.89.

YETI (NYSE:YETI) last posted 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. YETI had a return on equity of 23.62% and a net margin of 8.75%.The business had revenue of $487.77 million during the quarter, compared to the consensus estimate of $480.08 million. During the same period in the previous year, the business earned $0.71 EPS. The business’s quarterly 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, equities analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on YETI shares. Cowen reiterated a “hold” rating on shares of YETI in a report on Friday, August 8th. Morgan Stanley raised their price target on YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Citigroup boosted their price objective on YETI from $36.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of YETI in a research note on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $37.00 target price (up from $34.00) on shares of YETI in a research report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.08.

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.