Fort Washington Investment Advisors Inc. OH grew its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 38.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 847,874 shares of the company's stock after purchasing an additional 235,490 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 1.16% of YETI worth $34,780,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of YETI. Hsbc Holdings PLC purchased a new stake in YETI in the 2nd quarter valued at approximately $2,527,000. Hillsdale Investment Management Inc. grew its holdings in YETI by 21,066.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 95,250 shares of the company's stock valued at $3,485,000 after buying an additional 94,800 shares during the last quarter. Quantedge Capital Pte Ltd acquired a new stake in YETI during the 1st quarter valued at $904,000. Empowered Funds LLC grew its holdings in YETI by 2,858.7% during the 1st quarter. Empowered Funds LLC now owns 289,125 shares of the company's stock valued at $10,579,000 after buying an additional 279,353 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in YETI by 105.5% during the first quarter. Renaissance Technologies LLC now owns 85,500 shares of the company's stock worth $3,128,000 after buying an additional 43,900 shares in the last quarter.
YETI Stock Up 2.7%
Shares of NYSE:YETI opened at $40.42 on Thursday. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.02 and a beta of 1.68. The stock's 50-day moving average price is $42.57 and its two-hundred day moving average price is $44.20. YETI Holdings, Inc. has a 12-month low of $32.26 and a 12-month high of $53.99.
YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.13. YETI had a net margin of 9.24% and a return on equity of 23.79%. The company had revenue of $483.87 million during the quarter, compared to the consensus estimate of $483.80 million. During the same quarter in the prior year, the company posted $0.66 EPS. The company's quarterly revenue was up 8.5% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. On average, research analysts forecast that YETI Holdings, Inc. will post 2.58 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Morgan Stanley boosted their price target on YETI from $48.00 to $49.00 and gave the stock an "equal weight" rating in a report on Thursday, August 20th. Roth Capital restated a "buy" rating and issued a $62.00 price objective on shares of YETI in a research report on Friday, August 14th. Bank of America increased their price objective on YETI from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, August 14th. UBS Group reaffirmed a "buy" rating on shares of YETI in a research note on Monday, September 21st. Finally, Stifel Nicolaus upgraded YETI from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $45.00 to $50.00 in a research report on Friday, September 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, YETI has a consensus rating of "Moderate Buy" and an average price target of $55.73.
Read Our Latest Stock Analysis on YETI
About YETI
(
Free Report)
YETI Holdings, Inc is a designer, retailer and distributor of premium outdoor products. Founded in 2006 by brothers Roy and Ryan Seiders, the company is headquartered in Austin, Texas, and focuses on products designed for outdoor recreation, travel and everyday use.
YETI's product portfolio includes insulated drinkware, hard and soft coolers, outdoor gear, bags, luggage, cookware, outdoor living products and related accessories. Its offerings are marketed for activities such as fishing, hunting, camping, boating, sporting events and other outdoor pursuits, with an emphasis on durability and performance.
The company sells its products through its direct-to-consumer website, company-operated retail stores and third-party retailers and distributors.
Further Reading
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