YETI Holdings, Inc. $YETI Holdings Raised by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its stake in YETI Holdings, Inc. (NYSE:YETI) by 33.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 282,712 shares of the company’s stock after purchasing an additional 70,274 shares during the quarter. Kennedy Capital Management LLC’s holdings in YETI were worth $8,911,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Costello Asset Management INC acquired a new stake in shares of YETI in the 1st quarter worth approximately $25,000. UMB Bank n.a. increased its stake 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 during the period. IFP Advisors Inc raised its holdings in YETI by 4,552.6% during the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock worth $30,000 after purchasing an additional 865 shares in 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 worth $31,000 after purchasing an additional 375 shares during the period. Finally, MAI Capital Management acquired a new stake in YETI in the 2nd quarter valued at about $31,000.

Wall Street Analysts Forecast Growth

YETI has been the topic of several recent research reports. Canaccord Genuity Group lifted their price objective on shares of YETI from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Morgan Stanley lifted their price target on shares of YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of YETI in a report on Tuesday, September 16th. Raymond James Financial reissued an “outperform” rating and set a $37.00 price objective (up from $34.00) on shares of YETI in a research note on Friday, August 8th. Finally, B. Riley reaffirmed a “neutral” rating and set a $35.00 target price (up from $32.00) on shares of YETI in a research report on Monday, November 10th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, YETI presently has a consensus rating of “Hold” and a consensus target price of $38.33.

YETI Stock Performance

Shares of YETI stock opened at $42.42 on Friday. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 2.79 and a beta of 1.78. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $36.16 and its 200-day simple moving average is $34.45.

YETI (NYSE:YETI) last released its earnings results on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The company had revenue of $487.77 million for the quarter, compared to analysts’ expectations of $480.08 million. YETI had a return on equity of 23.62% and a net margin of 8.75%.The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, sell-side analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

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.