Campbell & CO Investment Adviser LLC Invests $2.51 Million in YETI Holdings, Inc. $YETI

Campbell & CO Investment Adviser LLC acquired a new position in YETI Holdings, Inc. (NYSE:YETI) during the 2nd quarter, Holdings Channel reports. The fund acquired 79,500 shares of the company’s stock, valued at approximately $2,506,000.

A number of other large investors have also recently added to or reduced their stakes in YETI. Envestnet Asset Management Inc. raised its position in YETI by 44.5% during the first quarter. Envestnet Asset Management Inc. now owns 321,065 shares of the company’s stock worth $10,627,000 after acquiring an additional 98,884 shares during the last quarter. Alps Advisors Inc. raised its position in shares of YETI by 16.1% during the 1st quarter. Alps Advisors Inc. now owns 10,569 shares of the company’s stock worth $350,000 after purchasing an additional 1,469 shares during the last quarter. Cerity Partners LLC purchased a new stake in YETI in the 1st quarter valued at approximately $1,040,000. Stephens Inc. AR acquired a new stake in YETI during the 1st quarter valued at $2,423,000. Finally, CWM LLC increased its position in YETI by 1,723.9% during the first quarter. CWM LLC now owns 43,847 shares of the company’s stock worth $1,451,000 after buying an additional 41,443 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on YETI from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Morgan Stanley boosted their target price on shares of YETI from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, October 27th. Citigroup raised their price target on shares of YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reissued a “buy” rating on shares of YETI in a research report on Tuesday, September 16th. Finally, Weiss Ratings restated 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 nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.08.

YETI Stock Performance

NYSE:YETI opened at $36.27 on Monday. The company has a market cap of $2.82 billion, a P/E ratio of 18.89, a P/E/G ratio of 2.56 and a beta of 1.89. The firm’s 50 day moving average is $34.63 and its two-hundred day moving average is $33.20. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last released 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 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 prior year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Analysts expect 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.