New York State Teachers Retirement System Boosts Holdings in YETI Holdings, Inc. $YETI

New York State Teachers Retirement System grew its stake in YETI Holdings, Inc. (NYSE:YETI) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,179 shares of the company’s stock after purchasing an additional 1,857 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of YETI worth $2,307,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Rosenberg Matthew Hamilton purchased a new position in YETI in the 2nd quarter valued at about $95,000. Equitable Trust Co. raised its holdings in shares of YETI by 69.5% during the second quarter. Equitable Trust Co. now owns 21,449 shares of the company’s stock valued at $676,000 after acquiring an additional 8,794 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of YETI in the second quarter valued at approximately $253,000. Allspring Global Investments Holdings LLC boosted its stake in shares of YETI by 13.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 75,775 shares of the company’s stock worth $2,495,000 after acquiring an additional 9,179 shares during the last quarter. Finally, LRI Investments LLC boosted its stake in shares of YETI by 95.7% in the second quarter. LRI Investments LLC now owns 3,861 shares of the company’s stock worth $122,000 after acquiring an additional 1,888 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Jefferies Financial Group restated a “buy” rating on shares of YETI in a report on Tuesday, September 16th. Cowen reiterated a “hold” rating on shares of YETI in a research report on Friday, August 8th. UBS Group boosted their price target on shares of YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Raymond James Financial reaffirmed an “outperform” rating and set a $37.00 price objective (up previously from $34.00) on shares of YETI in a research note on Friday, August 8th. Finally, Morgan Stanley reissued a “cautious” rating on shares of YETI in a research note on Monday, August 11th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, YETI currently has a consensus rating of “Hold” and an average target price of $38.54.

YETI Price Performance

YETI stock opened at $35.03 on Wednesday. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $34.66 and a 200 day moving average price of $32.57. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25. The stock has a market cap of $2.84 billion, a P/E ratio of 16.68, a PEG ratio of 2.40 and a beta of 1.83.

YETI (NYSE:YETI) last posted 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 business had revenue of $445.89 million during the quarter, compared to analysts’ expectations of $461.73 million. YETI had a net margin of 9.73% and a return on equity of 24.60%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.70 EPS. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

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.