Prosperitas Financial LLC Acquires Shares of 52,484 YETI Holdings, Inc. $YETI

Prosperitas Financial LLC bought a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 52,484 shares of the company’s stock, valued at approximately $1,741,000. Prosperitas Financial LLC owned about 0.06% of YETI as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Westwood Holdings Group Inc. grew its stake in shares of YETI by 110.2% during the second quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock worth $79,050,000 after purchasing an additional 1,314,878 shares during the period. Engaged Capital LLC boosted its holdings in YETI by 40.1% during the second quarter. Engaged Capital LLC now owns 2,162,518 shares of the company’s stock worth $68,163,000 after buying an additional 619,000 shares during the last quarter. Reinhart Partners LLC. grew its position in shares of YETI by 101.6% during the 2nd 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. Congress Asset Management Co. increased its stake in shares of YETI by 1.6% in the 2nd quarter. Congress Asset Management Co. now owns 1,237,425 shares of the company’s stock valued at $39,004,000 after acquiring an additional 19,459 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of YETI in the 2nd quarter valued at about $32,995,000.

Insiders Place Their Bets

In other news, SVP Bryan C. Barksdale sold 9,756 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $45.32, for a total transaction of $442,141.92. Following the completion of the transaction, the senior vice president directly owned 56,397 shares of the company’s stock, valued at $2,555,912.04. This trade represents a 14.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is currently owned by company insiders.

YETI Price Performance

Shares of NYSE YETI opened at $49.27 on Monday. The company has a fifty day moving average price of $41.78 and a 200 day moving average price of $37.14. The firm has a market cap of $3.83 billion, a PE ratio of 25.66, a PEG ratio of 2.74 and a beta of 1.77. 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 Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $50.34.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $487.77 million for the quarter, compared to analyst estimates of $480.08 million. YETI had a return on equity of 23.62% and a net margin of 8.75%.The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 earnings per share. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on YETI. Jefferies Financial Group restated a “buy” rating on shares of YETI in a report on Tuesday, September 16th. UBS Group lifted their price target 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. Canaccord Genuity Group boosted their price target on shares of YETI from $37.00 to $40.00 and gave the company a “hold” rating in a report on Thursday. Stifel Nicolaus upped their price objective on shares of YETI from $34.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, December 12th. Finally, B. Riley reiterated a “neutral” rating and set a $35.00 target price (up from $32.00) on shares of YETI in a report on Monday, November 10th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, YETI has an average rating of “Hold” and a consensus price target of $39.82.

About YETI

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.