Strs Ohio Takes $964,000 Position in YETI Holdings, Inc. $YETI

Strs Ohio bought a new position in YETI Holdings, Inc. (NYSE:YETI) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 29,125 shares of the company’s stock, valued at approximately $964,000.

Several other hedge funds also recently bought and sold shares of the company. Engaged Capital LLC acquired a new stake in shares of YETI during the first quarter worth $51,090,000. AQR Capital Management LLC raised its holdings in shares of YETI by 780.9% during 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 period. Reinhart Partners LLC. acquired a new stake in shares of YETI during the first quarter worth $35,177,000. American Century Companies Inc. raised its holdings in shares of YETI by 48.9% during 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 period. Finally, Lord Abbett & CO. LLC raised its holdings in shares of YETI by 36.0% during 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 period.

YETI Trading Up 1.3%

Shares of YETI stock opened at $35.85 on Friday. The firm has a market capitalization of $2.91 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 2.50 and a beta of 1.86. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $35.38 and its 200 day moving average is $32.52. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25.

YETI (NYSE:YETI) last posted its earnings results on Thursday, August 7th. The company reported $0.66 earnings per share for the quarter, topping 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 firm had revenue of $445.89 million for the quarter, compared to analyst estimates of $461.73 million. During the same period in the previous year, the firm posted $0.70 EPS. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Equities research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on YETI. Stifel Nicolaus raised their target price on shares of YETI from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $37.00 target price (up previously from $34.00) on shares of YETI in a research report on Friday, August 8th. Citigroup raised their target price on shares of YETI from $36.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of YETI in a research report on Tuesday. Finally, Morgan Stanley reaffirmed a “cautious” rating on shares of YETI in a research report on Monday, August 11th. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.54.

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.