Valeo Financial Advisors LLC Buys New Stake in YETI Holdings, Inc. $YETI

Valeo Financial Advisors LLC bought a new stake in YETI Holdings, Inc. (NYSE:YETI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,308 shares of the company’s stock, valued at approximately $1,113,000.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of YETI in a research report on Saturday, September 27th. Citigroup raised their price objective on YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Stifel Nicolaus raised their price objective on YETI from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Cowen restated a “hold” rating on shares of YETI in a research note on Friday, August 8th. Finally, Morgan Stanley restated a “cautious” rating on shares of YETI in a research note on Monday, August 11th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, YETI currently has a consensus rating of “Hold” and a consensus target price of $38.54.

YETI Stock Performance

NYSE YETI opened at $33.24 on Wednesday. The business’s 50-day moving average price is $34.98 and its 200 day moving average price is $32.53. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25. The firm has a market cap of $2.70 billion, a P/E ratio of 15.83, a P/E/G ratio of 2.42 and a beta of 1.83. 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 (NYSE:YETI) last announced its earnings results on Thursday, August 7th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%.The company had revenue of $445.89 million for the quarter, compared to the consensus estimate of $461.73 million. During the same period last year, the business posted $0.70 EPS. The company’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. On average, equities research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

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.