YETI Holdings, Inc. $YETI Holdings Decreased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in YETI Holdings, Inc. (NYSE:YETI) by 10.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,825 shares of the company’s stock after selling 13,574 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.13% of YETI worth $3,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in YETI. Costello Asset Management INC bought a new position in shares of YETI in the 1st quarter worth about $25,000. UMB Bank n.a. lifted its position in shares of YETI by 109.3% in the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock worth $28,000 after buying an additional 468 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of YETI by 61.6% in the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock worth $31,000 after buying an additional 375 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of YETI in the 1st quarter worth about $34,000. Finally, LRI Investments LLC bought a new position in shares of YETI in the 1st quarter worth about $65,000.

YETI Stock Down 2.7%

Shares of YETI stock opened at $33.21 on Wednesday. The business’s fifty day moving average price is $35.39 and its two-hundred day moving average price is $32.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48. The company has a market capitalization of $2.70 billion, a P/E ratio of 15.81, a PEG ratio of 2.41 and a beta of 1.86. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25.

YETI (NYSE:YETI) last announced its earnings results on Thursday, August 7th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.12. The firm had revenue of $445.89 million for the quarter, compared to the consensus estimate of $461.73 million. YETI had a return on equity of 24.60% and a net margin of 9.73%.The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. As a group, research analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on YETI. Jefferies Financial Group restated a “buy” rating on shares of YETI in a research report on Tuesday, September 16th. Morgan Stanley restated a “cautious” rating on shares of YETI in a research report on Monday, August 11th. Canaccord Genuity Group boosted their price objective on YETI from $33.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Citigroup boosted their price objective on YETI from $36.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Cowen restated a “hold” rating 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, YETI currently has an average 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.