KLP Kapitalforvaltning AS Buys 1,700 Shares of YETI Holdings, Inc. $YETI

KLP Kapitalforvaltning AS raised its stake in YETI Holdings, Inc. (NYSE:YETI) by 9.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,700 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in YETI were worth $621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mystic Asset Management Inc. lifted its position in YETI by 2.0% in the first quarter. Mystic Asset Management Inc. now owns 19,278 shares of the company’s stock valued at $638,000 after purchasing an additional 375 shares during the last quarter. Parallel Advisors LLC lifted its position in YETI by 61.6% in the second quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of YETI by 109.3% during the second quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after acquiring an additional 468 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of YETI by 2.5% during the first quarter. Hsbc Holdings PLC now owns 19,429 shares of the company’s stock valued at $638,000 after acquiring an additional 483 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of YETI by 9.7% during the first quarter. Assetmark Inc. now owns 6,421 shares of the company’s stock valued at $213,000 after acquiring an additional 568 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on YETI shares. Canaccord Genuity Group upped their target price on YETI from $33.00 to $34.00 and gave the company a “hold” rating in a report on Friday, August 8th. Cowen restated a “hold” rating on shares of YETI in a report on Friday, August 8th. 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. Jefferies Financial Group restated a “buy” rating on shares of YETI in a report on Tuesday, September 16th. Finally, Morgan Stanley restated a “cautious” rating on shares of YETI in a report on Monday, August 11th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, YETI has an average rating of “Hold” and an average target price of $38.54.

YETI Trading Up 0.7%

NYSE YETI opened at $33.75 on Friday. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The stock has a market cap of $2.74 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.36 and a beta of 1.83. The stock’s fifty day moving average price is $34.60 and its 200-day moving average price is $32.52. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09.

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

YETI Company 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.