Oppenheimer Asset Management Inc. Decreases Stock Holdings in YETI Holdings, Inc. $YETI

Oppenheimer Asset Management Inc. lowered its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 79.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,742 shares of the company’s stock after selling 36,578 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in YETI were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of YETI. Engaged Capital LLC bought a new stake in YETI in the first quarter worth $51,090,000. AQR Capital Management LLC lifted its position in YETI by 780.9% in the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock worth $47,752,000 after buying an additional 1,280,622 shares during the last quarter. Reinhart Partners LLC. lifted its position in YETI by 101.6% in the second quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock worth $67,542,000 after buying an additional 1,080,072 shares during the last quarter. American Century Companies Inc. lifted its position in YETI by 48.9% in the first quarter. American Century Companies Inc. now owns 2,150,724 shares of the company’s stock worth $71,189,000 after buying an additional 706,601 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new stake in YETI in the second quarter worth $16,960,000.

YETI Price Performance

YETI opened at $34.01 on Monday. 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 business’s fifty day simple moving average is $34.76 and its 200-day simple moving average is $32.98. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.40 and a beta of 1.89. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25.

YETI (NYSE:YETI) last released its quarterly earnings data 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 during 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 quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on YETI. Citigroup raised their price target on YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. UBS Group raised their price target on YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of YETI in a research report on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “buy” rating on shares of YETI in a research report on Tuesday, September 16th. Finally, Canaccord Genuity Group upped 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. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.69.

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.