Russell Investments Group Ltd. Trims Stock Holdings in YETI Holdings, Inc. $YETI

Russell Investments Group Ltd. reduced its position in YETI Holdings, Inc. (NYSE:YETI) by 47.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,651 shares of the company’s stock after selling 142,469 shares during the quarter. Russell Investments Group Ltd.’s holdings in YETI were worth $5,064,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of YETI. Jump Financial LLC boosted its stake in YETI by 66.8% during the 1st quarter. Jump Financial LLC now owns 36,061 shares of the company’s stock worth $1,194,000 after purchasing an additional 14,437 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of YETI by 66.7% during the second quarter. Harbor Capital Advisors Inc. now owns 204,219 shares of the company’s stock worth $6,437,000 after buying an additional 81,720 shares during the period. Engaged Capital LLC purchased a new position in shares of YETI during the first quarter worth about $51,090,000. Cresset Asset Management LLC purchased a new position in shares of YETI during the first quarter worth about $287,000. Finally, Empowered Funds LLC increased its position in YETI by 2,337.7% in the 1st quarter. Empowered Funds LLC now owns 225,781 shares of the company’s stock valued at $7,473,000 after acquiring an additional 216,519 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley increased their price objective on YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Raymond James Financial reaffirmed an “outperform” rating and set a $37.00 price target (up from $34.00) on shares of YETI in a report on Friday, August 8th. Jefferies Financial Group reissued a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. UBS Group upped their price objective on shares of YETI from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Finally, Cowen reaffirmed a “hold” rating on shares of YETI in a report on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, YETI has a consensus rating of “Hold” and a consensus price target of $38.33.

YETI Stock Performance

Shares of YETI opened at $43.41 on Friday. The company has a market capitalization of $3.38 billion, a PE ratio of 22.61, a P/E/G ratio of 2.74 and a beta of 1.78. The company has a 50-day simple moving average of $36.33 and a 200-day simple moving average of $34.53. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25.

YETI (NYSE:YETI) last posted its earnings results on Thursday, November 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. YETI had a return on equity of 23.62% and a net margin of 8.75%.The company had revenue of $487.77 million for the quarter, compared to analysts’ expectations of $480.08 million. During the same period last year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Equities research 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.