ZWJ Investment Counsel Inc. Takes $248,000 Position in YETI Holdings, Inc. $YETI

ZWJ Investment Counsel Inc. acquired a new position in YETI Holdings, Inc. (NYSE:YETI) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 7,854 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of YETI. Homestead Advisers Corp raised its holdings in shares of YETI by 15.2% during the first quarter. Homestead Advisers Corp now owns 95,300 shares of the company’s stock valued at $3,154,000 after buying an additional 12,600 shares during the last quarter. Jump Financial LLC raised its stake in YETI by 66.8% during the 1st quarter. Jump Financial LLC now owns 36,061 shares of the company’s stock valued at $1,194,000 after acquiring an additional 14,437 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in YETI by 44.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 321,065 shares of the company’s stock worth $10,627,000 after acquiring an additional 98,884 shares during the period. Allspring Global Investments Holdings LLC grew 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 worth $2,244,000 after purchasing an additional 5,199 shares in the last quarter. Finally, Inspire Advisors LLC acquired a new position in shares of YETI during the first quarter valued at $628,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on YETI shares. Canaccord Genuity Group upped their price objective on shares of YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of YETI in a report on Saturday, September 27th. Citigroup raised their price objective on shares of YETI from $36.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. UBS Group upped their target price on YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus lifted their price target on YETI from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.54.

YETI Stock Performance

YETI opened at $35.05 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.85 billion, a PE ratio of 16.69, a P/E/G ratio of 2.47 and a beta of 1.83. The business has a fifty day simple moving average of $35.16 and a 200-day simple moving average of $32.54. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. YETI had a net margin of 9.73% and a return on equity of 24.60%. The company had revenue of $445.89 million during the quarter, compared to analyst estimates of $461.73 million. During the same period in the prior year, the firm earned $0.70 earnings per share. The business’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. As a group, equities analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.