Johnson Financial Group Inc. Purchases New Holdings in YETI Holdings, Inc. $YETI

Johnson Financial Group Inc. acquired a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,139 shares of the company’s stock, valued at approximately $67,000.

A number of other institutional investors also recently made changes to their positions in YETI. Costello Asset Management INC acquired a new stake in shares of YETI during the first quarter worth approximately $25,000. IFP Advisors Inc grew its holdings in YETI by 4,552.6% during the 2nd quarter. IFP Advisors Inc now owns 884 shares of the company’s stock worth $30,000 after acquiring an additional 865 shares in the last quarter. UMB Bank n.a. increased its position in shares of 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 during the last quarter. Parallel Advisors LLC raised its stake in shares of YETI by 61.6% in the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares in the last quarter. Finally, MAI Capital Management acquired a new stake in shares of YETI in the 2nd quarter valued at about $31,000.

YETI Trading Down 0.5%

NYSE:YETI opened at $41.29 on Friday. The firm has a market capitalization of $3.21 billion, a P/E ratio of 21.50, a P/E/G ratio of 2.68 and a beta of 1.89. The business has a 50 day simple moving average of $35.52 and a 200 day simple moving average of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25.

YETI (NYSE:YETI) last issued its earnings results on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. YETI had a return on equity of 23.62% and a net margin of 8.75%.The firm had revenue of $487.77 million for the quarter, compared to analyst estimates of $480.08 million. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. 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 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on YETI shares. Stifel Nicolaus boosted their price objective on YETI from $31.00 to $33.00 and gave the company a “hold” rating in a report on Friday, August 8th. Raymond James Financial reiterated an “outperform” rating and issued a $37.00 target price (up previously from $34.00) on shares of YETI in a research report on Friday, August 8th. Canaccord Genuity Group upped their price target on YETI from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of YETI in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.33.

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.