Congress Asset Management Co. Acquires 19,459 Shares of YETI Holdings, Inc. $YETI

Key Points

• Congress Asset Management Co. increased its holdings in YETI Holdings, Inc. by 1.6%, acquiring an additional 19,459 shares during the second quarter, bringing its total ownership to 1.49% valued at $39 million.
• YETI's recent earnings announcement revealed an Earnings Per Share (EPS) of $0.66, exceeding analysts' expectations of $0.54, despite a 3.8% revenue decline year-over-year.
• Analysts have mixed ratings for YETI, with five giving it a Buy rating, nine a Hold rating, and a consensus target price of $38.54.

Congress Asset Management Co. increased its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,237,425 shares of the company's stock after buying an additional 19,459 shares during the period. Congress Asset Management Co. owned 1.49% of YETI worth $39,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Homestead Advisers Corp lifted its stake in YETI by 15.2% in the 1st quarter. Homestead Advisers Corp now owns 95,300 shares of the company's stock worth $3,154,000 after purchasing an additional 12,600 shares in the last quarter. Jump Financial LLC raised its position in YETI by 66.8% in the 1st quarter. Jump Financial LLC now owns 36,061 shares of the company's stock worth $1,194,000 after purchasing an additional 14,437 shares during the period. Envestnet Asset Management Inc. raised its position in YETI by 44.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 321,065 shares of the company's stock worth $10,627,000 after purchasing an additional 98,884 shares during the period. Allspring Global Investments Holdings LLC raised its position in YETI by 8.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 66,596 shares of the company's stock worth $2,244,000 after purchasing an additional 5,199 shares during the period. Finally, Inspire Advisors LLC purchased a new position in YETI in the 1st quarter worth $628,000.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on YETI. Raymond James Financial reiterated an "outperform" rating and issued a $37.00 target price (up previously from $34.00) on shares of YETI in a research report on Friday, August 8th. Morgan Stanley reiterated a "cautious" rating on shares of YETI in a research report on Monday, August 11th. UBS Group lifted their target price on shares of YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Canaccord Genuity Group raised their price target on shares of YETI from $33.00 to $34.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Finally, Stifel Nicolaus raised their price target on shares of YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, YETI currently has an average rating of "Hold" and a consensus target price of $38.54.

YETI Price Performance

Shares of YETI stock opened at $34.50 on Friday. The company's fifty day simple moving average is $35.52 and its two-hundred day simple moving average is $32.52. The firm has a market cap of $2.80 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.41 and a beta of 1.86. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25.

YETI (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.12. The firm had revenue of $445.89 million for the quarter, compared to analyst estimates of $461.73 million. YETI had a net margin of 9.73% and a return on equity of 24.60%. The company's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 EPS. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. As a group, equities analysts expect that YETI Holdings, Inc. will post 2.57 EPS 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.

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