YETI Holdings, Inc. $YETI Shares Sold by Truist Financial Corp

Truist Financial Corp cut its position in YETI Holdings, Inc. (NYSE:YETI) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,223 shares of the company’s stock after selling 2,216 shares during the period. Truist Financial Corp’s holdings in YETI were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in YETI. Engaged Capital LLC acquired a new stake in shares of YETI in the first quarter worth approximately $51,090,000. AQR Capital Management LLC boosted its stake in shares of YETI by 780.9% in the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock worth $47,752,000 after acquiring an additional 1,280,622 shares during the last quarter. Reinhart Partners LLC. boosted its stake in shares of YETI by 101.6% in the second quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock worth $67,542,000 after acquiring an additional 1,080,072 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of YETI by 48.9% in the first quarter. American Century Companies Inc. now owns 2,150,724 shares of the company’s stock worth $71,189,000 after acquiring an additional 706,601 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of YETI by 36.0% in the first quarter. Lord Abbett & CO. LLC now owns 1,093,357 shares of the company’s stock worth $36,190,000 after acquiring an additional 289,708 shares during the last quarter.

Wall Street Analyst Weigh In

YETI has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their price target on YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Jefferies Financial Group restated a “buy” rating on shares of YETI in a report on Tuesday, September 16th. UBS Group upped their target price on YETI from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Citigroup upped their target price on YETI from $36.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of YETI in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $38.54.

YETI Stock Performance

Shares of YETI stock opened at $32.10 on Monday. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The business’s fifty day simple moving average is $34.76 and its 200-day simple moving average is $32.50. The firm has a market cap of $2.61 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 2.27 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 quarterly earnings results on Thursday, August 7th. The company reported $0.66 EPS 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 business had revenue of $445.89 million for the quarter, compared to analyst estimates of $461.73 million. During the same quarter in the prior year, the company posted $0.70 EPS. The company’s quarterly revenue was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Equities analysts forecast 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.