L. Roy Papp & Associates LLP Grows Holdings in YETI Holdings, Inc. $YETI

Key Points

• L. Roy Papp & Associates LLP increased its holdings in YETI Holdings, Inc. by 22.6%, acquiring a total of 50,447 shares valued at approximately $1.59 million.
• YETI reported earnings of $0.66 EPS for the latest quarter, exceeding analyst expectations but showing a 3.8% decline in revenue year-over-year.
• Wall Street analysts have a consensus rating of "Hold" for YETI, with an average price target of $38.54 and several firms recently adjusting their target prices.

L. Roy Papp & Associates LLP increased its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 22.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,447 shares of the company's stock after purchasing an additional 9,304 shares during the quarter. L. Roy Papp & Associates LLP owned approximately 0.06% of YETI worth $1,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in YETI by 4,552.6% during the second quarter. IFP Advisors Inc now owns 884 shares of the company's stock worth $30,000 after purchasing an additional 865 shares during the last quarter. BankPlus Trust Department purchased a new position in YETI in the second quarter valued at about $202,000. KLP Kapitalforvaltning AS boosted its stake in YETI by 9.4% in the second quarter. KLP Kapitalforvaltning AS now owns 19,700 shares of the company's stock valued at $621,000 after acquiring an additional 1,700 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in YETI in the second quarter valued at about $1,113,000. Finally, ZWJ Investment Counsel Inc. purchased a new position in YETI in the second quarter valued at about $248,000.

YETI Stock Performance

Shares of YETI stock opened at $33.18 on Friday. The stock has a market capitalization of $2.69 billion, a P/E ratio of 15.80, a PEG ratio of 2.37 and a beta of 1.83. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The firm's 50 day moving average is $34.84 and its 200 day moving average is $32.53. 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 quarterly earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $461.73 million. During the same period in the prior year, the company posted $0.70 EPS. YETI's revenue was down 3.8% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley reiterated a "cautious" rating on shares of YETI in a research note on Monday, August 11th. Canaccord Genuity Group boosted their target price on shares of YETI from $33.00 to $34.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Cowen reiterated a "hold" rating on shares of YETI in a research note on Friday, August 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of YETI in a research note on Wednesday. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $37.00 target price (up from $34.00) on shares of YETI in a research note on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus 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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