Sequoia Financial Advisors LLC Purchases Shares of 8,039 YETI Holdings, Inc. $YETI

Sequoia Financial Advisors LLC purchased a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,039 shares of the company’s stock, valued at approximately $253,000.

Several other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in YETI by 3.0% during the first quarter. Wellington Management Group LLP now owns 3,668,128 shares of the company’s stock valued at $121,415,000 after purchasing an additional 107,643 shares in the last quarter. American Century Companies Inc. lifted its holdings in YETI by 48.9% during the first quarter. American Century Companies Inc. now owns 2,150,724 shares of the company’s stock valued at $71,189,000 after purchasing an additional 706,601 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in YETI by 101.6% during the second quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock valued at $67,542,000 after purchasing an additional 1,080,072 shares in the last quarter. Engaged Capital LLC purchased a new position in YETI during the first quarter valued at approximately $51,090,000. Finally, AQR Capital Management LLC lifted its holdings in YETI by 780.9% during the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock valued at $47,752,000 after purchasing an additional 1,280,622 shares in the last quarter.

YETI Trading Down 0.1%

NYSE YETI opened at $34.90 on Thursday. The company’s 50-day moving average price is $34.65 and its 200-day moving average price is $32.58. 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 stock has a market cap of $2.83 billion, a PE ratio of 16.62, a PEG ratio of 2.46 and a beta of 1.83. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25.

YETI (NYSE:YETI) last posted its quarterly 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. The firm had revenue of $445.89 million for the quarter, compared to analysts’ expectations of $461.73 million. YETI had a net margin of 9.73% and a return on equity of 24.60%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. 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 year.

Analyst Ratings Changes

Several research firms have recently commented on YETI. Cowen reissued a “hold” rating on shares of YETI in a report on Friday, August 8th. UBS Group boosted their target price on shares of YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Raymond James Financial reissued an “outperform” rating and issued a $37.00 target price (up previously from $34.00) on shares of YETI in a report on Friday, August 8th. Citigroup boosted their target price on shares of YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Canaccord Genuity Group boosted their target price on shares of YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock 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.