YETI Holdings, Inc. $YETI Holdings Raised by Inspire Advisors LLC

Inspire Advisors LLC raised its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 12.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 21,330 shares of the company’s stock after purchasing an additional 2,343 shares during the period. Inspire Advisors LLC’s holdings in YETI were worth $672,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Costello Asset Management INC acquired a new position in shares of YETI in the first quarter worth $25,000. IFP Advisors Inc grew its stake in 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 purchasing an additional 865 shares in the last quarter. UMB Bank n.a. increased its position in YETI by 109.3% in 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 last quarter. Parallel Advisors LLC raised 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 purchasing an additional 375 shares in the last quarter. Finally, Quarry LP raised its stake in shares of YETI by 815.4% during the 1st quarter. Quarry LP now owns 2,682 shares of the company’s stock worth $89,000 after purchasing an additional 2,389 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on YETI shares. Raymond James Financial reissued an “outperform” rating and issued a $37.00 price target (up previously from $34.00) on shares of YETI in a research note on Friday, August 8th. Cowen reiterated a “hold” rating on shares of YETI in a research note on Friday, August 8th. UBS Group boosted their target price 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. Jefferies Financial Group restated a “buy” rating on shares of YETI in a report on Tuesday, September 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of YETI in a research note on Tuesday, November 11th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.33.

YETI Stock Up 0.8%

YETI stock opened at $36.27 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The firm has a fifty day moving average price of $34.88 and a two-hundred day moving average price of $33.62. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 2.32 and a beta of 1.89.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. The company 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 firm’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. As a group, analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share 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.