Cwm LLC Decreases Stock Position in YETI Holdings, Inc. $YETI

Cwm LLC reduced its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 69.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,181 shares of the company’s stock after selling 30,666 shares during the period. Cwm LLC’s holdings in YETI were worth $415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Costello Asset Management INC acquired a new stake in shares of YETI during the 1st quarter valued at approximately $25,000. UMB Bank n.a. raised its position in shares of YETI by 109.3% during the 2nd 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. IFP Advisors Inc raised its position in shares of YETI by 4,552.6% during the 2nd quarter. IFP Advisors Inc now owns 884 shares of the company’s stock valued at $30,000 after acquiring an additional 865 shares in the last quarter. Parallel Advisors LLC raised its position in shares of YETI by 61.6% during the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after acquiring an additional 375 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of YETI during the 1st quarter valued at approximately $34,000.

Analyst Ratings Changes

A number of research analysts recently commented on YETI shares. Stifel Nicolaus upped their price objective on YETI from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Citigroup increased their target price on YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $37.00 target price (up from $34.00) on shares of YETI in a research report on Friday, August 8th. Morgan Stanley reaffirmed a “cautious” rating on shares of YETI in a research report on Monday, August 11th. Finally, Canaccord Genuity Group increased their target price on YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a research 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $38.54.

YETI Trading Up 0.2%

NYSE:YETI opened at $35.66 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 2.51 and a beta of 1.83. The stock has a fifty day simple moving average of $34.72 and a 200 day simple moving average of $32.73.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.66 earnings per share for the quarter, beating 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 business had revenue of $445.89 million during the quarter, compared to analyst estimates of $461.73 million. During the same quarter last year, the company posted $0.70 EPS. YETI’s revenue for the quarter was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Sell-side analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current 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.