Jump Financial LLC Buys 14,437 Shares of YETI Holdings, Inc. $YETI

Key Points

• Jump Financial LLC increased its holdings in YETI Holdings, Inc. by 66.8%, owning 36,061 shares valued at approximately $1.19 million as of the latest report.
• Several other institutional investors also raised their stakes, with Envestnet Asset Management increasing its position by 44.5%, owning 321,065 shares valued at around $10.63 million.
• YETI's recent earnings report showed an EPS of $0.66, exceeding expectations, but revenue decreased by 3.8% year-over-year, totaling $445.89 million.

Jump Financial LLC grew its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 66.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,061 shares of the company's stock after buying an additional 14,437 shares during the quarter. Jump Financial LLC's holdings in YETI were worth $1,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in YETI. Gates Capital Management Inc. purchased a new stake in shares of YETI during the 4th quarter valued at $135,356,000. Reinhart Partners LLC. purchased a new stake in shares of YETI during the 1st quarter valued at $35,177,000. Brown Advisory Inc. purchased a new stake in shares of YETI during the 4th quarter valued at $40,496,000. Westwood Holdings Group Inc. purchased a new position in YETI in the 4th quarter worth $37,098,000. Finally, American Century Companies Inc. raised its position in YETI by 48.9% in the 1st quarter. American Century Companies Inc. now owns 2,150,724 shares of the company's stock worth $71,189,000 after purchasing an additional 706,601 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on YETI shares. 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. Jefferies Financial Group reiterated a "buy" rating and issued a $55.00 target price on shares of YETI in a research report on Monday, May 5th. 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. Cowen reiterated a "hold" rating on shares of YETI in a research report on Friday, August 8th. Finally, Piper Sandler decreased their target price on shares of YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $38.54.

YETI Trading Down 1.3%

Shares of YETI traded down $0.47 during trading hours on Tuesday, reaching $34.69. 1,684,172 shares of the company traded hands, compared to its average volume of 2,149,888. The company's fifty day moving average price is $34.42 and its two-hundred day moving average price is $32.58. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 2.48 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. Equities research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal 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.