UMB Bank n.a. Boosts Stock Position in YETI Holdings, Inc. $YETI

UMB Bank n.a. lifted its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 109.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 896 shares of the company’s stock after purchasing an additional 468 shares during the period. UMB Bank n.a.’s holdings in YETI were worth $28,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in YETI by 3.0% in the first quarter. Wellington Management Group LLP now owns 3,668,128 shares of the company’s stock worth $121,415,000 after buying an additional 107,643 shares during the period. American Century Companies Inc. lifted its holdings 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 period. Reinhart Partners LLC. lifted its holdings 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 period. Engaged Capital LLC purchased a new stake in YETI in the first quarter worth about $51,090,000. Finally, AQR Capital Management LLC lifted its holdings 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 period.

YETI Price Performance

Shares of YETI opened at $34.50 on Friday. The company has a market capitalization of $2.80 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 2.43 and a beta of 1.86. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $35.52 and a 200 day moving average of $32.51. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25.

YETI (NYSE:YETI) last announced its quarterly earnings results 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 company 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 firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. As a group, equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on YETI. Morgan Stanley restated a “cautious” rating on shares of YETI in a report on Monday, August 11th. UBS Group lifted their target price on shares of YETI from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Canaccord Genuity Group lifted their target price on shares of YETI from $33.00 to $34.00 and gave the company a “hold” rating in a report on Friday, August 8th. Citigroup lifted their target price on shares of YETI from $36.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Raymond James Financial reiterated an “outperform” rating and set a $37.00 target price (up from $34.00) on shares of YETI in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.