Schwartz Investment Counsel Inc. Has $11.19 Million Stock Holdings in YETI Holdings, Inc. $YETI

Schwartz Investment Counsel Inc. grew its holdings in YETI Holdings, Inc. (NYSE:YETI) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 355,070 shares of the company’s stock after buying an additional 3,120 shares during the quarter. Schwartz Investment Counsel Inc. owned approximately 0.43% of YETI worth $11,192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YETI. Wealth Enhancement Advisory Services LLC increased its stake in shares of YETI by 1,239.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 75,436 shares of the company’s stock valued at $2,497,000 after buying an additional 69,806 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of YETI by 95.5% in the first quarter. Janney Montgomery Scott LLC now owns 23,759 shares of the company’s stock valued at $786,000 after buying an additional 11,604 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of YETI by 24.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 46,320 shares of the company’s stock valued at $1,533,000 after buying an additional 9,084 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of YETI by 8.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 66,596 shares of the company’s stock valued at $2,244,000 after buying an additional 5,199 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its position in YETI by 296.8% in the first quarter. Summit Trail Advisors LLC now owns 34,139 shares of the company’s stock worth $1,130,000 after purchasing an additional 25,536 shares during the period.

YETI Price Performance

Shares of YETI opened at $34.02 on Tuesday. 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 1 year low of $26.61 and a 1 year high of $45.25. The stock has a market cap of $2.76 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 2.38 and a beta of 1.83. The stock’s 50-day moving average price is $34.64 and its two-hundred day moving average price is $32.55.

YETI (NYSE:YETI) last issued its 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. YETI had a return on equity of 24.60% and a net margin of 9.73%.The firm had revenue of $445.89 million for the quarter, compared to analysts’ expectations of $461.73 million. During the same quarter last year, the business earned $0.70 earnings per share. The company’s revenue 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, equities analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group lifted their price objective on YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Citigroup lifted their price objective on YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Canaccord Genuity Group lifted their price objective on YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Jefferies Financial Group reiterated a “buy” rating on shares of YETI in a research report on Tuesday, September 16th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $37.00 price objective (up from $34.00) on shares of YETI in a research report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $38.54.

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.