William Blair Investment Management LLC Invests $16.96 Million in YETI Holdings, Inc. $YETI

Key Points

• William Blair Investment Management LLC has invested approximately $16.96 million in YETI Holdings, acquiring 538,081 shares, which represents about 0.65% of the company's stock.
• YETI reported earnings of $0.66 EPS for the last quarter, beating estimates, although revenue decreased by 3.8% year-over-year.
• Several brokerages have recently updated their ratings and target prices for YETI, with an average target price of $38.54 and the stock receiving mixed ratings from analysts.

William Blair Investment Management LLC acquired a new position in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 538,081 shares of the company's stock, valued at approximately $16,960,000. William Blair Investment Management LLC owned about 0.65% of YETI at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Costello Asset Management INC acquired a new stake in shares of YETI in the first quarter worth $25,000. UMB Bank n.a. grew its stake in shares of YETI by 109.3% in 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 during the last quarter. IFP Advisors Inc grew its stake in shares of YETI by 4,552.6% in the second quarter. IFP Advisors Inc now owns 884 shares of the company's stock worth $30,000 after acquiring an additional 865 shares during the last quarter. Parallel Advisors LLC lifted its position in YETI by 61.6% in the second quarter. Parallel Advisors LLC now owns 984 shares of the company's stock worth $31,000 after purchasing an additional 375 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in YETI in the first quarter worth $34,000.

YETI Stock Up 0.7%

Shares of NYSE:YETI opened at $33.75 on Monday. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.52. The company's fifty day moving average is $34.60 and its 200-day moving average is $32.52. The company has a market capitalization of $2.74 billion, a PE ratio of 16.07, a P/E/G ratio of 2.38 and a beta of 1.83.

YETI (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $461.73 million. During the same quarter in the previous year, the company earned $0.70 EPS. The firm'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. Equities research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on YETI. Jefferies Financial Group reaffirmed a "buy" rating on shares of YETI in a research report on Tuesday, September 16th. UBS Group raised their target price on YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of YETI in a research report on Wednesday, October 8th. Stifel Nicolaus raised their target price on YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Finally, Canaccord Genuity Group raised their target price on YETI from $33.00 to $34.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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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