Quarry LP Has $89,000 Stake in YETI Holdings, Inc. $YETI

Quarry LP increased its position in YETI Holdings, Inc. (NYSE:YETI) by 815.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,682 shares of the company’s stock after purchasing an additional 2,389 shares during the quarter. Quarry LP’s holdings in YETI were worth $89,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of YETI by 7.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 60,011 shares of the company’s stock worth $2,312,000 after acquiring an additional 4,255 shares during the period. Northern Trust Corp raised its position in YETI by 25.0% in the fourth quarter. Northern Trust Corp now owns 1,003,652 shares of the company’s stock worth $38,651,000 after purchasing an additional 200,443 shares in the last quarter. AQR Capital Management LLC lifted its stake in YETI by 25.1% during the fourth quarter. AQR Capital Management LLC now owns 163,995 shares of the company’s stock worth $6,315,000 after purchasing an additional 32,862 shares during the period. Algert Global LLC boosted its holdings in YETI by 36.7% during the fourth quarter. Algert Global LLC now owns 64,991 shares of the company’s stock valued at $2,503,000 after purchasing an additional 17,441 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in shares of YETI in the 4th quarter valued at approximately $471,000.

YETI Trading Up 0.8%

Shares of NYSE YETI opened at $34.92 on Thursday. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. The company has a 50-day moving average of $34.59 and a two-hundred day moving average of $32.61. The company has a market cap of $2.84 billion, a PE ratio of 16.63, a P/E/G ratio of 2.48 and a beta of 1.86. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09.

YETI (NYSE:YETI) last issued 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 net margin of 9.73% and a return on equity of 24.60%. 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 business posted $0.70 earnings per share. YETI’s revenue for the quarter was down 3.8% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. As a group, equities analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Raymond James Financial restated an “outperform” rating and set a $37.00 target price (up previously from $34.00) on shares of YETI in a research report on Friday, August 8th. Morgan Stanley reissued a “cautious” rating on shares of YETI in a report on Monday, August 11th. UBS Group upped 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. Canaccord Genuity Group lifted their price target on shares of YETI from $33.00 to $34.00 and gave the company a “hold” rating in a report on Friday, August 8th. Finally, Stifel Nicolaus boosted 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 investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.