Janney Montgomery Scott LLC Has $1.06 Million Stock Position in YETI Holdings, Inc. $YETI

Key Points

• Janney Montgomery Scott LLC increased its stake in YETI Holdings by 42.0% in Q2, owning 33,733 shares valued at approximately $1.06 million after purchasing nearly 10,000 additional shares.
• Despite reporting a 3.8% year-over-year decline in revenue, YETI's earnings per share (EPS) of $0.66 exceeded analysts' expectations of $0.54.
• Research firms have given YETI mixed ratings, with an average price target of $38.54 based on a "Hold" rating from ten analysts and a "Buy" rating from five.

Janney Montgomery Scott LLC grew its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 42.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,733 shares of the company's stock after purchasing an additional 9,974 shares during the quarter. Janney Montgomery Scott LLC's holdings in YETI were worth $1,063,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Congress Asset Management Co. increased its position in shares of YETI by 1.6% in the 2nd quarter. Congress Asset Management Co. now owns 1,237,425 shares of the company's stock valued at $39,004,000 after buying an additional 19,459 shares in the last quarter. GAMMA Investing LLC increased its position in shares of YETI by 487.9% in the 2nd quarter. GAMMA Investing LLC now owns 3,251 shares of the company's stock valued at $102,000 after buying an additional 2,698 shares in the last quarter. Park Avenue Securities LLC bought a new stake in shares of YETI in the 2nd quarter valued at $481,000. Wedge Capital Management L L P NC increased its position in shares of YETI by 28.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 51,952 shares of the company's stock valued at $1,638,000 after buying an additional 11,418 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of YETI by 109.3% in the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company's stock valued at $28,000 after buying an additional 468 shares in the last quarter.

YETI Trading Up 0.4%

YETI stock opened at $32.24 on Tuesday. The firm has a 50-day moving average of $34.67 and a 200-day moving average of $32.49. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 2.27 and a beta of 1.83.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.12. YETI had a net margin of 9.73% and a return on equity of 24.60%. The company had revenue of $445.89 million during the quarter, compared to the consensus estimate of $461.73 million. During the same period in the prior year, the business posted $0.70 EPS. The company's quarterly revenue was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, equities analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on YETI. Citigroup upped their price objective on shares of YETI from $36.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Canaccord Genuity Group upped their price objective on shares of YETI from $33.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Stifel Nicolaus upped their price objective on shares of YETI from $31.00 to $33.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Morgan Stanley reiterated a "cautious" rating on shares of YETI in a report on Monday, August 11th. Finally, Cowen reiterated a "hold" rating on shares of YETI in a report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $38.54.

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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