New Vernon Capital Holdings II LLC Invests $6.59 Million in YETI Holdings, Inc. $YETI

Key Points

• New Vernon Capital Holdings II LLC invested approximately $6.59 million in YETI Holdings, purchasing 218,228 shares, representing about 0.26% ownership as of the latest SEC filing.
• Wall Street analysts maintain a mixed outlook on YETI, with five analysts rating it as "Buy" and nine as "Hold," reflecting an average target price of $38.54.
• YETI reported earnings of $0.66 per share for the last quarter, exceeding the estimate of $0.54, but its revenue declined 3.8% year-over-year, leading to a revenue of $445.89 million.

New Vernon Capital Holdings II LLC acquired a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 218,228 shares of the company's stock, valued at approximately $6,593,000. New Vernon Capital Holdings II LLC owned about 0.26% of YETI at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Costello Asset Management INC acquired a new stake in YETI in the 1st quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in YETI during the 1st quarter worth $34,000. LRI Investments LLC acquired a new stake in YETI during the 1st quarter worth $65,000. Quarry LP boosted its stake in YETI by 815.4% during the 1st quarter. Quarry LP now owns 2,682 shares of the company's stock worth $89,000 after purchasing an additional 2,389 shares during the last quarter. Finally, Covestor Ltd boosted its stake in YETI by 35.2% during the 1st quarter. Covestor Ltd now owns 4,683 shares of the company's stock worth $155,000 after purchasing an additional 1,220 shares during the last quarter.

YETI Trading Down 1.6%

YETI traded down $0.55 during trading hours on Wednesday, reaching $35.06. The company's stock had a trading volume of 614,028 shares, compared to its average volume of 2,119,164. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The stock has a market cap of $2.85 billion, a PE ratio of 16.69, a P/E/G ratio of 2.52 and a beta of 1.86. The business's 50-day moving average is $34.96 and its 200-day moving average is $32.53. 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 posted its 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 quarter in the prior year, the company posted $0.70 earnings per share. YETI's revenue for the quarter was down 3.8% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. As a group, equities research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group lifted their target price on shares of YETI from $33.00 to $34.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Citigroup upped their price target on YETI from $36.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. UBS Group upped their price target on YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Cowen restated a "hold" rating on shares of YETI in a research report on Friday, August 8th. Finally, Stifel Nicolaus upped their price target on YETI from $31.00 to $33.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $38.54.

About YETI

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.