Versor Investments LP Boosts Holdings in YETI Holdings, Inc. $YETI

Versor Investments LP raised its holdings in YETI Holdings, Inc. (NYSE:YETI) by 246.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,877 shares of the company’s stock after purchasing an additional 16,977 shares during the quarter. Versor Investments LP’s holdings in YETI were worth $753,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new stake in YETI in the first quarter valued at $25,000. IFP Advisors Inc boosted its holdings in YETI by 4,552.6% in the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock valued at $30,000 after purchasing an additional 865 shares during the last quarter. UMB Bank n.a. boosted its holdings in YETI by 109.3% in the second quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after purchasing an additional 468 shares during the last quarter. Parallel Advisors LLC boosted its holdings in YETI by 61.6% in the second quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of YETI during the 1st quarter worth about $34,000.

YETI Trading Down 1.4%

YETI stock opened at $33.52 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 12-month low of $26.61 and a 12-month high of $45.25. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 2.40 and a beta of 1.89. The business’s 50-day moving average is $34.72 and its 200 day moving average is $33.02.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $461.73 million. During the same period in the previous year, the firm posted $0.70 EPS. YETI’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, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group increased their target price on shares of YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Morgan Stanley increased their target price on shares of YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Cowen reissued a “hold” rating on shares of YETI in a research note on Friday, August 8th. Citigroup increased their target price on shares of YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, YETI presently has an average rating of “Hold” and an average target price of $38.69.

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.