50,736 Shares in YETI Holdings, Inc. $YETI Acquired by Hilton Capital Management LLC

by · The Cerbat Gem

Hilton Capital Management LLC acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 50,736 shares of the company’s stock, valued at approximately $1,599,000.

A number of other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in shares of YETI by 61.6% in the second quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after buying an additional 375 shares in the last quarter. UMB Bank n.a. grew its stake in YETI by 109.3% in the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after acquiring an additional 468 shares during the last quarter. Hsbc Holdings PLC increased its holdings in YETI by 2.5% during the 1st quarter. Hsbc Holdings PLC now owns 19,429 shares of the company’s stock valued at $638,000 after acquiring an additional 483 shares in the last quarter. Assetmark Inc. raised its position in YETI by 7.6% during the second quarter. Assetmark Inc. now owns 6,909 shares of the company’s stock worth $218,000 after acquiring an additional 488 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in YETI by 0.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 88,229 shares of the company’s stock worth $2,781,000 after acquiring an additional 510 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of YETI in a research note on Wednesday, October 8th. Canaccord Genuity Group boosted their price target on YETI from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Friday, November 7th. UBS Group upped their price objective on YETI from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. B. Riley reiterated a “neutral” rating and set a $35.00 price objective (up previously from $32.00) on shares of YETI in a research report on Monday, November 10th. Finally, Morgan Stanley upped their target price on shares of YETI from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Six investment 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 an average rating of “Hold” and an average price target of $39.17.

Check Out Our Latest Stock Report on YETI

YETI Stock Performance

YETI stock opened at $44.09 on Friday. The stock has a fifty day moving average price of $37.33 and a 200 day moving average price of $35.02. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $46.28. The firm has a market capitalization of $3.43 billion, a P/E ratio of 22.96, a PEG ratio of 2.94 and a beta of 1.78. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The company had revenue of $487.77 million during the quarter, compared to analysts’ expectations of $480.08 million. YETI had a return on equity of 23.62% and a net margin of 8.75%.The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

YETI Profile

(Free Report)

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.

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