ZWJ Investment Counsel Inc. Makes New $248,000 Investment in YETI Holdings, Inc. $YETI

Key Points

• ZWJ Investment Counsel Inc. has made a new investment in YETI Holdings, Inc. with a purchase of 7,854 shares valued at approximately $248,000.
• Analysts have mixed views on YETI, with Raymond James giving an "outperform" rating and a price target of $37.00, while others maintain a "hold" rating with a consensus target price of $38.54.
• YETI reported better-than-expected earnings with an EPS of $0.66, although its revenue of $445.89 million fell short of analyst estimates.

ZWJ Investment Counsel Inc. acquired a new stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,854 shares of the company's stock, valued at approximately $248,000.

A number of other institutional investors have also made changes to their positions in the company. Costello Asset Management INC acquired a new stake in YETI during the 1st quarter valued at $25,000. UMB Bank n.a. grew its stake in shares of YETI by 109.3% during the second quarter. UMB Bank n.a. now owns 896 shares of the company's stock valued at $28,000 after acquiring an additional 468 shares in the last quarter. Parallel Advisors LLC increased its position in shares of YETI by 61.6% during the second quarter. Parallel Advisors LLC now owns 984 shares of the company's stock worth $31,000 after acquiring an additional 375 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of YETI in the first quarter worth about $34,000. Finally, LRI Investments LLC purchased a new position in YETI in the first quarter valued at about $65,000.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on YETI. Raymond James Financial restated an "outperform" rating and set a $37.00 price objective (up from $34.00) on shares of YETI in a report on Friday, August 8th. Morgan Stanley restated a "cautious" rating on shares of YETI in a research note on Monday, August 11th. Stifel Nicolaus upped their price target on shares of YETI from $31.00 to $33.00 and gave the company a "hold" rating in a report on Friday, August 8th. UBS Group raised their price objective on shares of YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of YETI in a research report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $38.54.

YETI Stock Up 0.1%

Shares of NYSE:YETI opened at $35.05 on Friday. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 2.47 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 company's fifty day moving average is $35.16 and its two-hundred day moving average is $32.54. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.52.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly 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. 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 company's quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Equities analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current 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.

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