IQ EQ FUND MANAGEMENT IRELAND Ltd Grows Stock Holdings in YETI Holdings, Inc. $YETI

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 5.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 29,398 shares of the company’s stock after purchasing an additional 1,413 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in YETI were worth $927,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Homestead Advisers Corp raised its holdings in YETI by 15.2% in the 1st quarter. Homestead Advisers Corp now owns 95,300 shares of the company’s stock worth $3,154,000 after acquiring an additional 12,600 shares during the last quarter. Jump Financial LLC raised its holdings in YETI by 66.8% in the 1st quarter. Jump Financial LLC now owns 36,061 shares of the company’s stock worth $1,194,000 after acquiring an additional 14,437 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in YETI by 44.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 321,065 shares of the company’s stock worth $10,627,000 after acquiring an additional 98,884 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in YETI by 8.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 66,596 shares of the company’s stock worth $2,244,000 after acquiring an additional 5,199 shares during the last quarter. Finally, Inspire Advisors LLC purchased a new position in YETI in the 1st quarter worth approximately $628,000.

YETI Trading Down 0.7%

NYSE:YETI opened at $35.83 on Wednesday. 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 Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The company has a market cap of $2.91 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 2.55 and a beta of 1.83. The company has a 50 day simple moving average of $34.78 and a two-hundred day simple moving average of $32.83.

YETI (NYSE:YETI) last posted its earnings results on Thursday, August 7th. The company reported $0.66 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 business had revenue of $445.89 million during the quarter, compared to the consensus estimate of $461.73 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The firm’s revenue was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on YETI shares. Jefferies Financial Group restated a “buy” rating on shares of YETI in a report on Tuesday, September 16th. Morgan Stanley boosted their price objective on shares of YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday. UBS Group boosted 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. Weiss Ratings restated a “hold (c)” rating on shares of YETI in a report on Wednesday, October 8th. Finally, Stifel Nicolaus boosted their price objective on shares of YETI from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $38.69.

YETI 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.