Focus Partners Advisor Solutions LLC Makes New $263,000 Investment in YETI Holdings, Inc. $YETI

Focus Partners Advisor Solutions LLC acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,950 shares of the company's stock, valued at approximately $263,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new position in YETI in the first quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in YETI in the 1st quarter valued at about $34,000. LRI Investments LLC purchased a new stake in YETI in the 1st quarter valued at about $65,000. Quarry LP grew its holdings in YETI by 815.4% in the 1st quarter. Quarry LP now owns 2,682 shares of the company's stock valued at $89,000 after buying an additional 2,389 shares during the period. Finally, Covestor Ltd grew its holdings in YETI by 35.2% in the 1st quarter. Covestor Ltd now owns 4,683 shares of the company's stock valued at $155,000 after buying an additional 1,220 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have commented on YETI. Citigroup lifted their price target on YETI from $36.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Cowen reiterated a "hold" rating on shares of YETI in a report on Friday, August 8th. Morgan Stanley reiterated a "cautious" rating on shares of YETI in a report on Monday, August 11th. Raymond James Financial reiterated an "outperform" rating and set a $37.00 target price (up previously from $34.00) on shares of YETI in a report on Friday, August 8th. Finally, Stifel Nicolaus boosted their target price on YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, YETI currently has an average rating of "Hold" and a consensus price target of $38.54.

YETI Stock Performance

YETI traded down $0.22 during trading hours on Wednesday, hitting $35.39. 1,408,972 shares of the stock were exchanged, compared to its average volume of 2,124,055. The stock has a 50-day simple moving average of $34.96 and a 200-day simple moving average of $32.53. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.52 and a beta of 1.86. 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 (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%.The firm had revenue of $445.89 million for the quarter, compared to analysts' expectations of $461.73 million. During the same period last year, the business posted $0.70 earnings per share. The firm's revenue for the quarter was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Analysts anticipate 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.