Retirement Planning Co of New England Inc. Takes $638,000 Position in YETI Holdings, Inc. $YETI

Key Points

• Retirement Planning Co of New England Inc. acquired a new stake in YETI Holdings, Inc. worth approximately $638,000 by purchasing 19,278 shares in the 1st quarter.
• YETI's stock opened at $35.15 and has a market capitalization of $2.85 billion, with a 12-month low of $26.61 and a high of $45.25.
• YETI reported an EPS of $0.66 in its last quarterly earnings, exceeding the consensus estimate of $0.54, although its revenue decreased by 3.8% year-over-year.

Retirement Planning Co of New England Inc. purchased a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,278 shares of the company's stock, valued at approximately $638,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Homestead Advisers Corp lifted its stake in YETI by 15.2% in the first quarter. Homestead Advisers Corp now owns 95,300 shares of the company's stock valued at $3,154,000 after acquiring an additional 12,600 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of YETI by 44.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 321,065 shares of the company's stock valued at $10,627,000 after purchasing an additional 98,884 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of YETI by 8.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 66,596 shares of the company's stock valued at $2,244,000 after purchasing an additional 5,199 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of YETI in the 1st quarter valued at $628,000. Finally, Mackenzie Financial Corp bought a new stake in YETI in the fourth quarter worth $655,000.

YETI Stock Up 0.8%

Shares of YETI stock opened at $35.15 on Friday. The stock's 50 day simple moving average is $34.33 and its 200 day simple moving average is $32.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.52. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 2.48 and a beta of 1.84.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.54 by $0.12. The company had revenue of $445.89 million for 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 period in the previous year, the business posted $0.70 EPS. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. As a group, research analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on YETI shares. Cowen reissued a "hold" rating on shares of YETI in a research report on Friday, August 8th. UBS Group increased 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. Raymond James Financial reissued an "outperform" rating and issued a $37.00 price objective (up from $34.00) on shares of YETI in a research note on Friday, August 8th. Canaccord Genuity Group raised 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. Finally, Piper Sandler cut their price objective on YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, YETI presently 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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