Peloton Wealth Strategists Has $2.72 Million Position in YETI Holdings, Inc. $YETI

Peloton Wealth Strategists lowered its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 5.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,075 shares of the company’s stock after selling 4,700 shares during the period. Peloton Wealth Strategists owned about 0.10% of YETI worth $2,717,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. NFJ Investment Group LLC boosted its stake in YETI by 49.0% during the first quarter. NFJ Investment Group LLC now owns 85,690 shares of the company’s stock worth $2,836,000 after buying an additional 28,195 shares in the last quarter. New Vernon Capital Holdings II LLC bought a new position in shares of YETI during the first quarter valued at $6,593,000. Integrated Wealth Concepts LLC lifted its holdings in shares of YETI by 9.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company’s stock valued at $214,000 after acquiring an additional 569 shares during the period. Engaged Capital LLC bought a new position in shares of YETI during the first quarter valued at $51,090,000. Finally, AQR Capital Management LLC lifted its holdings in shares of YETI by 780.9% during the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock valued at $47,752,000 after acquiring an additional 1,280,622 shares during the period.

YETI Stock Performance

YETI stock opened at $35.61 on Tuesday. The stock has a 50-day simple moving average of $34.90 and a 200 day simple moving average of $32.51. The company has a quick ratio of 1.48, a current ratio of 2.52 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 stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 2.56 and a beta of 1.86.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%.The business had revenue of $445.89 million during the quarter, compared to analysts’ expectations of $461.73 million. During the same period in the previous year, the business posted $0.70 earnings per share. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, research analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on YETI. Cowen reissued a “hold” rating on shares of YETI in a report on Friday, August 8th. UBS Group lifted their price objective 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 price objective (up from $34.00) on shares of YETI in a report on Friday, August 8th. Stifel Nicolaus lifted their price objective on YETI from $31.00 to $33.00 and gave the company a “hold” rating in a report on Friday, August 8th. Finally, Morgan Stanley reissued a “cautious” rating on shares of YETI in a report on Monday, August 11th. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.54.

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.