YETI Holdings, Inc. $YETI Stock Position Cut by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC significantly reduced its stake in YETI Holdings, Inc. by 67.2% during the second quarter, now holding 24,757 shares worth $811,000.
• Analysts have mixed opinions on YETI, with current ratings showing five analysts with a Buy rating and nine with a Hold rating, alongside a consensus price target of $38.54.
• YETI's latest earnings report revealed a 0.66 EPS, exceeding estimates, but the company's revenue of $445.89 million fell short of analysts' expectations.

Wealth Enhancement Advisory Services LLC lessened its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 67.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,757 shares of the company's stock after selling 50,679 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in YETI were worth $811,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of YETI. Two Sigma Investments LP bought a new position in YETI in the 4th quarter valued at about $428,000. GAMMA Investing LLC grew its position in YETI by 1,410.2% in the 1st quarter. GAMMA Investing LLC now owns 18,304 shares of the company's stock valued at $553,000 after buying an additional 17,092 shares in the last quarter. Merit Financial Group LLC bought a new position in YETI in the 1st quarter valued at about $507,000. Portside Wealth Group LLC boosted its position in shares of YETI by 14.5% during the 1st quarter. Portside Wealth Group LLC now owns 6,025 shares of the company's stock valued at $199,000 after purchasing an additional 762 shares in the last quarter. Finally, Chatham Capital Group Inc. boosted its position in shares of YETI by 4.1% during the 1st quarter. Chatham Capital Group Inc. now owns 49,004 shares of the company's stock valued at $1,622,000 after purchasing an additional 1,915 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently weighed in on YETI shares. Raymond James Financial restated an "outperform" rating and set a $37.00 price objective (up previously from $34.00) on shares of YETI in a research report on Friday, August 8th. Canaccord Genuity Group raised their price objective on shares of YETI from $33.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Citigroup raised their price objective on shares of YETI from $36.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. UBS Group raised their price objective on shares of YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, Cowen restated a "hold" rating on shares of YETI in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $38.54.

YETI Price Performance

NYSE YETI opened at $35.02 on Friday. The company has a 50 day simple moving average of $35.24 and a 200-day simple moving average of $32.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 2.39 and a beta of 1.83. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $445.89 million during the quarter, compared to analyst estimates of $461.73 million. YETI had a net margin of 9.73% and a return on equity of 24.60%. The firm's revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. 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.

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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