YETI Holdings, Inc. $YETI Shares Acquired by Equitable Trust Co.

Key Points

• Equitable Trust Co. increased its stake in YETI Holdings by 69.5%, now holding 21,449 shares worth approximately $676,000.
• YETI reported earnings per share of $0.66, exceeding expectations of $0.54, despite a 3.8% year-over-year revenue decline.
• Research analysts maintain a consensus rating of "Hold" for YETI with an average target price of $38.54, with five analysts rating it as a Buy.

Equitable Trust Co. lifted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 69.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,449 shares of the company's stock after buying an additional 8,794 shares during the period. Equitable Trust Co.'s holdings in YETI were worth $676,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in YETI by 3.0% in the first quarter. Wellington Management Group LLP now owns 3,668,128 shares of the company's stock worth $121,415,000 after purchasing an additional 107,643 shares during the period. American Century Companies Inc. increased its holdings in shares of YETI by 48.9% in the first quarter. American Century Companies Inc. now owns 2,150,724 shares of the company's stock valued at $71,189,000 after buying an additional 706,601 shares in the last quarter. Reinhart Partners LLC. increased its holdings in shares of YETI by 101.6% in the second quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company's stock valued at $67,542,000 after buying an additional 1,080,072 shares in the last quarter. Engaged Capital LLC bought a new position in shares of YETI in the first quarter valued at $51,090,000. Finally, AQR Capital Management LLC increased its holdings in shares of YETI by 780.9% in the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company's stock valued at $47,752,000 after buying an additional 1,280,622 shares in the last quarter.

YETI Trading Up 0.9%

NYSE YETI opened at $34.27 on Thursday. The company has a market capitalization of $2.78 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 2.40 and a beta of 1.83. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. The firm's fifty day simple moving average is $34.56 and its 200-day simple moving average is $32.52. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $445.89 million during the quarter, compared to analysts' expectations of $461.73 million. During the same period in the prior year, the company posted $0.70 earnings per share. YETI's revenue for the quarter was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. As a group, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group upped their price target on YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Raymond James Financial reissued an "outperform" rating and set a $37.00 target price (up from $34.00) on shares of YETI in a research note on Friday, August 8th. Cowen reissued a "hold" rating on shares of YETI in a research note on Friday, August 8th. Stifel Nicolaus boosted their target price on shares of YETI from $31.00 to $33.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Finally, Canaccord Genuity Group boosted their target price on shares of YETI from $33.00 to $34.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.

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