Fulton Bank N.A. Invests $505,000 in YETI Holdings, Inc. $YETI

Fulton Bank N.A. purchased a new position in YETI Holdings, Inc. (NYSE:YETI) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 15,220 shares of the company’s stock, valued at approximately $505,000.

A number of other large investors also recently bought and sold shares of YETI. UMB Bank n.a. boosted its stake in YETI by 109.3% during the second quarter. UMB Bank n.a. now owns 896 shares of the company’s stock worth $28,000 after acquiring an additional 468 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of YETI by 141.1% during the third quarter. True Wealth Design LLC now owns 885 shares of the company’s stock valued at $29,000 after purchasing an additional 518 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of YETI by 4,552.6% during the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock valued at $30,000 after purchasing an additional 865 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of YETI by 61.6% in the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Finally, MAI Capital Management purchased a new stake in shares of YETI in the 2nd quarter worth approximately $31,000.

YETI Stock Up 1.4%

YETI stock opened at $44.79 on Monday. The stock has a market capitalization of $3.49 billion, a P/E ratio of 23.33, a P/E/G ratio of 2.49 and a beta of 1.77. 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 1-year low of $26.61 and a 1-year high of $46.28. The business has a fifty day moving average price of $40.48 and a 200-day moving average price of $36.51.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.61 EPS 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 company had revenue of $487.77 million during the quarter, compared to the consensus estimate of $480.08 million. During the same period last year, the company earned $0.71 EPS. YETI’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 analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Insider Activity at YETI

In other news, SVP Bryan C. Barksdale sold 9,756 shares of the business’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. The trade was a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on YETI. 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 note on Monday, November 10th. UBS Group raised their price target on YETI from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 7th. William Blair reiterated an “outperform” rating on shares of YETI in a research note on Tuesday, November 11th. Canaccord Genuity Group increased their price objective on shares of YETI from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Finally, Jefferies Financial Group restated 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 given a Hold rating to the stock. Based on data from MarketBeat.com, YETI has a consensus rating of “Hold” and an average price target of $39.17.

YETI Profile

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.