Park Avenue Securities LLC Makes New Investment in YETI Holdings, Inc. $YETI

Key Points

• Park Avenue Securities LLC has made a new investment by purchasing 15,272 shares of YETI Holdings, Inc. for approximately $481,000 during the 2nd quarter.
• YETI's recent quarterly earnings showed $0.66 earnings per share, surpassing analysts' estimates, although revenue decreased 3.8% year-over-year.
• Analysts currently have a consensus rating of "Hold" for YETI, with an average price target of $38.54, while a total of five analysts rate the stock as a Buy.

Park Avenue Securities LLC bought a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,272 shares of the company's stock, valued at approximately $481,000.

Other institutional investors have also recently bought and sold shares of the company. Costello Asset Management INC acquired a new position in YETI during the first quarter worth about $25,000. UMB Bank n.a. raised its stake in YETI by 109.3% during the second quarter. UMB Bank n.a. now owns 896 shares of the company's stock worth $28,000 after acquiring an additional 468 shares in the last quarter. Parallel Advisors LLC raised its stake in YETI by 61.6% during the second quarter. Parallel Advisors LLC now owns 984 shares of the company's stock worth $31,000 after acquiring an additional 375 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in YETI during the first quarter worth about $34,000. Finally, LRI Investments LLC acquired a new position in YETI during the first quarter worth about $65,000.

YETI Stock Down 0.9%

Shares of NYSE YETI opened at $34.09 on Tuesday. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The business has a 50-day simple moving average of $35.48 and a two-hundred day simple moving average of $32.53. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.77 billion, a P/E ratio of 16.24, a P/E/G ratio of 2.43 and a beta of 1.86.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on YETI. Stifel Nicolaus upped their price objective on YETI from $31.00 to $33.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Citigroup upped their price objective on YETI from $36.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Canaccord Genuity Group upped their price objective on YETI from $33.00 to $34.00 and gave the company a "hold" rating in a research note on Friday, August 8th. UBS Group upped their price objective on YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Cowen reiterated a "hold" rating on shares of YETI 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. Based on data from MarketBeat.com, YETI presently has a consensus rating of "Hold" and a consensus price target of $38.54.

YETI 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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