Russell Investments Group Ltd. Has $10.03 Million Stock Holdings in YETI Holdings, Inc. $YETI

Key Points

• Russell Investments Group Ltd. increased its stake in YETI Holdings by 16.3%, acquiring 42,551 shares, bringing its total ownership to 303,120 shares worth approximately $10 million.
• YETI recently reported earnings of $0.66 per share, surpassing analysts' expectations of $0.54, although revenue of $445.89 million fell short of the anticipated $461.73 million.
• Analysts have mixed views on YETI's stock, with several maintaining a "hold" rating while others, like Raymond James, upgraded their price target from $34.00 to $37.00.

Russell Investments Group Ltd. boosted its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 16.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 303,120 shares of the company's stock after acquiring an additional 42,551 shares during the period. Russell Investments Group Ltd. owned 0.37% of YETI worth $10,033,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in YETI. Gates Capital Management Inc. bought a new position in YETI in the fourth quarter valued at about $135,356,000. Reinhart Partners LLC. bought a new position in YETI in the first quarter valued at about $35,177,000. Brown Advisory Inc. bought a new position in YETI during the fourth quarter worth about $40,496,000. Westwood Holdings Group Inc. bought a new position in YETI during the fourth quarter worth about $37,098,000. Finally, Nomura Holdings Inc. boosted its holdings in YETI by 595.8% during the fourth quarter. Nomura Holdings Inc. now owns 595,154 shares of the company's stock worth $22,919,000 after buying an additional 509,616 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on YETI shares. Raymond James Financial restated an "outperform" rating and set a $37.00 target price (up previously from $34.00) on shares of YETI in a report on Friday, August 8th. Piper Sandler reduced their target price on YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Citigroup raised their target price on YETI from $36.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. UBS Group raised their target price on YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Finally, Morgan Stanley restated a "cautious" rating on shares of YETI in a report on Monday, August 11th. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, YETI has a consensus rating of "Hold" and an average target price of $38.54.

YETI Stock Up 5.1%

Shares of NYSE YETI traded up $1.7450 during mid-day trading on Friday, reaching $35.6750. 1,884,173 shares of the company's stock were exchanged, compared to its average volume of 2,163,935. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 2.41 and a beta of 1.84. 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 business has a fifty day simple moving average of $33.62 and a 200 day simple moving average of $32.73. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%.The company had revenue of $445.89 million for the quarter, compared to analyst estimates of $461.73 million. During the same quarter last year, the firm posted $0.70 earnings per share. 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. As a group, equities analysts expect that YETI Holdings, Inc. will post 2.57 EPS 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.