LPL Financial LLC lifted its stake in YETI Holdings, Inc. (NYSE:YETI – Free Report) by 18.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,135 shares of the company’s stock after acquiring an additional 6,710 shares during the period. LPL Financial LLC owned approximately 0.05% of YETI worth $1,395,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Mystic Asset Management Inc. boosted its holdings in shares of YETI by 2.0% in the first quarter. Mystic Asset Management Inc. now owns 19,278 shares of the company’s stock worth $638,000 after acquiring an additional 375 shares during the period. Azzad Asset Management Inc. ADV boosted its holdings in shares of YETI by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 51,779 shares of the company’s stock worth $1,994,000 after acquiring an additional 497 shares during the period. Assetmark Inc. raised its position in shares of YETI by 9.7% in the first quarter. Assetmark Inc. now owns 6,421 shares of the company’s stock worth $213,000 after buying an additional 568 shares in the last quarter. Bridge City Capital LLC raised its position in shares of YETI by 1.3% in the first quarter. Bridge City Capital LLC now owns 58,887 shares of the company’s stock worth $1,949,000 after buying an additional 755 shares in the last quarter. Finally, Portside Wealth Group LLC raised its position in shares of YETI by 14.5% in the first quarter. Portside Wealth Group LLC now owns 6,025 shares of the company’s stock worth $199,000 after buying an additional 762 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on YETI shares. UBS Group increased 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. Piper Sandler lowered their price objective on YETI from $52.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Canaccord Genuity Group increased 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 and issued a $55.00 price objective on shares of YETI in a research report on Monday, May 5th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $37.00 price objective (up previously from $34.00) on shares of YETI in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $38.54.
YETI Trading Up 5.1%
NYSE YETI opened at $35.6750 on Friday. The stock’s 50-day simple moving average is $33.74 and its two-hundred day simple moving average is $32.72. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. 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 company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 2.39 and a beta of 1.84.
YETI (NYSE:YETI – Get Free Report) last posted its earnings results 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. The company had revenue of $445.89 million for the quarter, compared to analysts’ expectations of $461.73 million. YETI had a return on equity of 24.60% and a net margin of 9.73%.YETI’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.70 earnings per share. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Research analysts forecast 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.
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