6,400 Shares in YETI Holdings, Inc. $YETI Purchased by BankPlus Trust Department

BankPlus Trust Department acquired a new position in YETI Holdings, Inc. (NYSE:YETI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,400 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in YETI in the 1st quarter worth approximately $25,000. UMB Bank n.a. lifted its stake in YETI by 109.3% in the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock worth $28,000 after purchasing an additional 468 shares in the last quarter. Parallel Advisors LLC lifted its stake in YETI by 61.6% in the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in YETI in the 1st quarter worth approximately $34,000. Finally, LRI Investments LLC purchased a new position in YETI in the 1st quarter worth approximately $65,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on YETI shares. Canaccord Genuity Group raised their target price on shares of YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Morgan Stanley reissued a “cautious” rating on shares of YETI in a research note on Monday, August 11th. Jefferies Financial Group reissued a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. UBS Group lifted their price target on shares of YETI from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus lifted their price target on shares of YETI from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $38.54.

YETI Stock Down 3.1%

YETI stock opened at $33.24 on Wednesday. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.52. The firm has a 50 day moving average price of $34.98 and a 200 day moving average price of $32.53. The company has a market capitalization of $2.70 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 2.42 and a beta of 1.83.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.54 by $0.12. The business had revenue of $445.89 million during the quarter, compared to the consensus estimate of $461.73 million. YETI had a net margin of 9.73% and a return on equity of 24.60%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Research analysts expect 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.