Allspring Global Investments Holdings LLC Has $2.50 Million Holdings in YETI Holdings, Inc. $YETI

Key Points

• Allspring Global Investments Holdings LLC increased its holdings in YETI Holdings, Inc. by 13.8% in Q2, now owning 75,775 shares valued at approximately $2.50 million.
• Several institutional investors made significant adjustments to their positions in YETI during the same quarter, with LRI Investments LLC raising its holdings by an impressive 95.7%.
• YETI's latest earnings report shows an EPS of $0.66, exceeding expectations, though revenue fell 3.8% year-over-year.

Allspring Global Investments Holdings LLC increased its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 13.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,775 shares of the company's stock after acquiring an additional 9,179 shares during the period. Allspring Global Investments Holdings LLC owned about 0.09% of YETI worth $2,495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. LRI Investments LLC raised its holdings in shares of YETI by 95.7% in the 2nd quarter. LRI Investments LLC now owns 3,861 shares of the company's stock worth $122,000 after acquiring an additional 1,888 shares during the last quarter. L. Roy Papp & Associates LLP raised its holdings in shares of YETI by 22.6% in the 2nd quarter. L. Roy Papp & Associates LLP now owns 50,447 shares of the company's stock worth $1,590,000 after acquiring an additional 9,304 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of YETI by 4,552.6% in the 2nd quarter. IFP Advisors Inc now owns 884 shares of the company's stock worth $30,000 after acquiring an additional 865 shares during the last quarter. BankPlus Trust Department acquired a new stake in shares of YETI in the 2nd quarter worth about $202,000. Finally, KLP Kapitalforvaltning AS raised its holdings in shares of YETI by 9.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 19,700 shares of the company's stock worth $621,000 after acquiring an additional 1,700 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on YETI shares. Weiss Ratings reiterated a "hold (c)" rating on shares of YETI in a research note on Wednesday, October 8th. Cowen reiterated a "hold" rating on shares of YETI in a research note on Friday, August 8th. Morgan Stanley reiterated a "cautious" rating on shares of YETI in a research note on Monday, August 11th. Jefferies Financial Group reiterated a "buy" rating on shares of YETI in a research note on Tuesday, September 16th. Finally, Citigroup increased their price objective on shares of YETI from $36.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $38.54.

YETI Stock Up 3.0%

Shares of NYSE:YETI opened at $35.03 on Wednesday. The firm has a fifty day moving average price of $34.66 and a two-hundred day moving average price of $32.57. 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 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 $2.84 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 2.40 and a beta of 1.83.

YETI (NYSE:YETI - Get Free Report) last announced 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. The firm had revenue of $445.89 million during the quarter, compared to the consensus estimate of $461.73 million. YETI had a net margin of 9.73% and a return on equity of 24.60%. The business's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal 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.

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